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Veda Laxmi Group LLC

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

Veda Laxmi Group LLC is located in Walla Walla, WA, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($1,514,000 SBA portion) on November 24, 2023 to finance real estate or equipment.

SBA 504 loan, approved Nov 24, 2023

SBA (CDC) portion
$1,514,000
Bank portion
$2,097,600
Estimated project size
$4,012,889 (estimated)
Estimated owner equity
$401,289 (estimated, about 10% of the project)
Bank lender
Mission Valley Bank, Sun Valley, CA
CDC
Capital Matrix, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 24, 2048 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Walla Walla County, WA
SBA district office
Seattle District Office
Congressional district
WA-2
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

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