Main Street Registry

Wingate by Wyndham Wilmington

Wilmington, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Wingate by Wyndham Wilmington is a hotel and motel business in Wilmington, North Carolina, classified under NAICS 721110 for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,144,000, approved on April 17, 2024, with Renasant Bank as the lender and 504 Capital Corporation as the certified development company.

SBA 504 loan, approved Apr 17, 2024

$3,144,000 SBA portionCDC: 504 Capital Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,144,000
Bank portion
$4,390,500
Estimated project size
$8,371,667 (estimated)
Estimated owner equity
$837,167 (estimated, about 10% of the project)
Bank lender
Renasant Bank, Tupelo, MS
CDC
504 Capital Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 17, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
New Hanover County, NC
SBA district office
North Carolina District Office
Congressional district
NC-7
Collateral
Yes

Estimated share of project by source

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

  • Larger than 62% 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 North Carolina: $2,167,577.

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 North Carolina