Main Street Registry

Ramada Inn Sellersburg

Sellersburg, IN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Ramada Inn Sellersburg is a hotel and motel business in Sellersburg, Indiana, classified under NAICS code 721110 for hotels except casino hotels and motels. The business financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,689,000, approved on August 19, 2024, through the lender East West Bank and the certified development company Premier Capital Corporation.

SBA 504 loan, approved Aug 19, 2024

$1,689,000 SBA portionCDC: Premier Capital Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,689,000
Bank portion
$1,650,000
Estimated project size
$3,710,000 (estimated)
Estimated owner equity
$371,000 (estimated, about 10% of the project)
Bank lender
East West Bank, Pasadena, CA
CDC
Premier Capital Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
August 19, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Clark County, IN
SBA district office
Indiana District Office
Congressional district
IN-9
Collateral
Yes

Estimated share of project by source

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

  • Larger than 25% 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 Indiana: $2,227,963.

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 Indiana