Main Street Registry

OYO Studio Hotel

Irving, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

OYO Studio Hotel is located in Irving, TX, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($2,232,000 SBA portion) on October 30, 2023 to finance real estate or equipment.

SBA 504 loan, approved Oct 30, 2023

SBA (CDC) portion
$2,232,000
Bank portion
$2,180,596
Estimated project size
$4,902,884 (estimated)
Estimated owner equity
$490,288 (estimated, about 10% of the project)
Bank lender
Cathay Bank, Los Angeles, CA
CDC
Lone Star State Capital Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 30, 2048 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
OYO - Marketing and Operational Consulting Agreement
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Texas