Stratos Hospitality, LLC
Stratos Hospitality, LLC is a bed-and-breakfast inn business located in Portland, Maine, in the bed-and-breakfast inns industry (NAICS 721191). The company financed real estate or equipment through an SBA 504 loan of $1,025,000 approved on August 2, 2024, with Machias Savings Bank as the lender and Granite State Economic Development Corporation as the certified development company.
SBA 504 loan, approved Aug 2, 2024
$1,025,000 SBA portionCDC: Granite State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,025,000
- Bank portion
- $1,425,000
- Estimated project size
- $2,722,222 (estimated)
- Estimated owner equity
- $272,222 (estimated, about 10% of the project)
- Bank lender
- Machias Savings Bank, Machias, ME
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 2, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- Cumberland County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 6% of expansion loans in Bed-and-Breakfast Inns on this site.
- Average expansion loan in Bed-and-Breakfast Inns: $1,456,765.
- Average expansion loan in Maine: $2,027,182.
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 Maine
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