Main Street Registry

Rodeway Inn & Suites near Outlet Mall - Asheville

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

Rodeway Inn & Suites near Outlet Mall - Asheville is a hotel business located in Asheville, North Carolina, in the Hotels (except Casino Hotels) and Motels industry. The business financed real estate or equipment through an SBA 504 loan of $1,561,000 approved on September 17, 2025, with South State Bank, N.A. as the lender and Business Expansion Funding Corporation as the certified development company.

SBA 504 loan, approved Sep 17, 2025

$1,561,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,561,000
Bank portion
$3,292,790
Estimated project size
$5,393,100 (estimated)
Estimated owner equity
$539,310 (estimated, about 10% of the project)
Bank lender
South State Bank, N.A., Winter Haven, FL
CDC
Business Expansion Funding Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
September 17, 2050 (estimated, approval date plus term)
First disbursement
Jan 14, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Buncombe County, NC
SBA district office
North Carolina District Office
Congressional district
NC-11
Collateral
Yes

Estimated share of project by source

Bank 61% SBA (CDC) 29% Owner 10%

  • Larger than 22% 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.

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Same industry in North Carolina