Main Street Registry

T Or C Hospitality LLC

Truth or Consequences, NM · Hotels (except Casino Hotels) and Motels · NAICS 721110

T Or C Hospitality LLC is a hotel and motel business in Truth or Consequences, New Mexico, classified under the industry description Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan of $1,991,000, approved on January 16, 2025, with First Savings Bank as the lending bank and B:Side Capital as the Certified Development Company.

SBA 504 loan, approved Jan 16, 2025

$1,991,000 SBA portionCDC: B:Side Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,991,000
Bank portion
$3,237,500
Estimated project size
$5,809,444 (estimated)
Estimated owner equity
$580,944 (estimated, about 10% of the project)
Bank lender
First Savings Bank, Beresford, SD
CDC
B:Side Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 16, 2050 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Sierra County, NM
SBA district office
New Mexico District Office
Congressional district
NM-2
Collateral
Yes

Estimated share of project by source

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

  • Larger than 33% 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 New Mexico: $2,251,714.

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 New Mexico