Sharon West ES LLC
Sharon West ES LLC is located in Cincinnati, OH, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($2,603,000 SBA portion) on December 12, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 12, 2024
- SBA (CDC) portion
- $2,603,000
- Bank portion
- $4,260,000
- Estimated project size
- $7,625,556 (estimated)
- Estimated owner equity
- $762,556 (estimated, about 10% of the project)
- Bank lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 12, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Hamilton County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-1
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 52% 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 Ohio: $2,096,556.
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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- Nimit Hospitality, LLC, Columbus
- Devaki LLC, Napoleon
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