Main Street Registry

Samarth IA LLC

Sioux City, IA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Samarth IA LLC is a hotel and motel business in Sioux City, Iowa, operating under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,357,000, approved on July 18, 2024, through Reliabank Dakota and the South Dakota Development Corporation. The loan reports 16 jobs and a 300-month term.

SBA 504 loan, approved Jul 18, 2024

$1,357,000 SBA portionCDC: South Dakota Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,357,000
Bank portion
$1,893,500
Estimated project size
$3,611,667 (estimated)
Estimated owner equity
$361,167 (estimated, about 10% of the project)
Bank lender
Reliabank Dakota, Estelline, SD
CDC
South Dakota Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
July 18, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Woodbury County, IA
SBA district office
Des Moines District Office
Congressional district
IA-4
Collateral
Yes

Estimated share of project by source

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

  • Larger than 15% 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 Iowa: $1,994,971.

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 Iowa