Main Street Registry

Quality Inn and Suites

Lexington, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Quality Inn and Suites is a hotel business in Lexington, North Carolina, classified under Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan of $1,965,000 approved on September 19, 2025, with Happen Bank as the lender and Carolina Business Capital, Inc. as the certified development company.

SBA 504 loan, approved Sep 19, 2025

$1,965,000 SBA portionCDC: Carolina Business Capital, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,965,000
Bank portion
$2,742,685
Estimated project size
$5,230,761 (estimated)
Estimated owner equity
$523,076 (estimated, about 10% of the project)
Bank lender
Happen Bank, Lehi, UT
CDC
Carolina Business Capital, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
September 19, 2050 (estimated, approval date plus term)
First disbursement
Dec 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Davidson County, NC
SBA district office
North Carolina District Office
Congressional district
NC-13
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 32% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in North Carolina: $2,167,577.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in North Carolina