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Shree Kavya Hospitality, LLC

North Fort Myers, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shree Kavya Hospitality, LLC is a hotel and motel business located in North Fort Myers, Florida, in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,055,000, approved on January 17, 2024, with Lake Michigan CU as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Jan 17, 2024

$1,055,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,055,000
Bank portion
$1,715,055
Estimated project size
$3,077,839 (estimated)
Estimated owner equity
$307,784 (estimated, about 10% of the project)
Bank lender
Lake Michigan CU, Grand Rapids, MI
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 17, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
6
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Lee County, FL
SBA district office
South Florida District Office
Congressional district
FL-17
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 3% 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 Florida: $2,058,496.

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 Florida