Main Street Registry

Sunrise Resort and Motel LLC

Hoodsport, WA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sunrise Resort and Motel LLC, located in Hoodsport, Washington, operates in the hotels and motels industry (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $1,453,000, with Sound Credit Union as the bank partner and Ameritrust CDC as the certified development company, approved on November 22, 2024.

SBA 504 loan, approved Nov 22, 2024

$1,453,000 SBA portionCDC: Ameritrust CDC25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,453,000
Bank portion
$2,041,000
Estimated project size
$3,882,222 (estimated)
Estimated owner equity
$388,222 (estimated, about 10% of the project)
Bank lender
Sound Credit Union, Tacoma, WA
CDC
Ameritrust CDC
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 22, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Mason County, WA
SBA district office
Seattle District Office
Congressional district
WA-6
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 18% 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 Washington: $2,234,716.

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 Washington