Main Street Registry

Sky Point Hotel & Suites - Atlanta Airport

Atlanta, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sky Point Hotel & Suites - Atlanta Airport is a hotel located in Atlanta, Georgia, classified under the industry Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $3,425,000, approved on May 8, 2024, through East West Bank and the Georgia Certified Development Corporation.

SBA 504 loan, approved May 8, 2024

$3,425,000 SBA portionCDC: Georgia Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,425,000
Bank portion
$3,349,750
Estimated project size
$7,527,500 (estimated)
Estimated owner equity
$752,750 (estimated, about 10% of the project)
Bank lender
East West Bank, Pasadena, CA
CDC
Georgia Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
May 8, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Clayton County, GA
SBA district office
Georgia District Office
Congressional district
GA-5
Collateral
Yes

Estimated share of project by source

Bank 45% SBA (CDC) 45% Owner 10%

  • Larger than 68% 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 Georgia: $2,201,121.

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 Georgia