Main Street Registry

Spark by Hilton Duluth

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

Spark by Hilton Duluth is a hotel business in Duluth, Georgia, in the Hotels (except Casino Hotels) and Motels industry. It financed real estate or equipment through an SBA 504 loan of $3,529,000 approved on September 29, 2025, with Newtek Bank, National Association as the bank and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Sep 29, 2025

$3,529,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,529,000
Bank portion
$3,449,000
Estimated project size
$7,753,333 (estimated)
Estimated owner equity
$775,333 (estimated, about 10% of the project)
Bank lender
Newtek Bank, National Association, Miami, FL
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
September 29, 2050 (estimated, approval date plus term)
First disbursement
Feb 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Spark by Hilton
Project location
Gwinnett County, GA
SBA district office
Georgia District Office
Congressional district
GA-7
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 70% 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