Salt Air Lodge
Salt Air Lodge, located in Santa Cruz, California, operates in the hotels and motels industry (NAICS 721110). The business was financed through an SBA 504 loan, which financed real estate or equipment, with an SBA portion of $2,008,000, approved on February 13, 2025, through Monterey County Bank with Bay Area Employment Development Company as the certified development company.
SBA 504 loan, approved Feb 13, 2025
- SBA (CDC) portion
- $2,008,000
- Bank portion
- $2,800,000
- Estimated project size
- $5,342,222 (estimated)
- Estimated owner equity
- $534,222 (estimated, about 10% of the project)
- Bank lender
- Monterey County Bank, Monterey, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 13, 2050 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Santa Cruz County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-18
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 34% 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 California: $2,161,468.
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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