Patel Global Group, LLC
Patel Global Group, LLC is located in Houston, TX, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($1,833,000 SBA portion) on November 15, 2023 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
- Franchise
- Comfort Suites by Choice Hotels
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Nov 15, 2023 | $1,833,000 | $1,790,000 | $4,025,556 (estimated) | Celtic Bank Corporation | Lone Star State Capital Corporation | 25 years | 28 | Approved, not yet funded |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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