Air Venture Properties, LLC and Jay and Verlene Faust as Tenants in Common

4417 Sw Hwy 101, Lincoln City, OR 97367 · Hotels (except Casino Hotels) and Motels. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.8M

Total SBA financing

1

Loan on record

FY2021

On record

10

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$1,800,800 — FY2021

Gross approval: $1,800,800
SBA guaranteed: $1,620,720 (90%)
Status: Current
Rate at approval: 6% v
Term: 300 mo (25 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/6/2021
First disbursement: 5/25/2021
Days to fund: 19 days
Collateral: Required
Jobs supported: 10
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Summit Bank
Address: 4417 Sw Hwy 101
City: Lincoln City, 97367
County: Lincoln
SBA district office: PORTLAND DISTRICT OFFICE
Congressional district: 5

The lender

Summit Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

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The banks most active funding hotels (except casino hotels) and motels — by location, industry.

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Agent summary

This page summarizes the public SBA 7(a) lending record for Air Venture Properties, LLC and Jay and Verlene Faust as Tenants in Common in Lincoln City, OR (Hotels (except Casino Hotels) and Motels). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $1.8M
On record FY2021
10 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Lincoln City, OR
Lender: Summit Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Hotels (except Casino Hotels) and Motels businesses in OR for ~$1.8M deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/air-venture-properties-llc-and-jay-and-verlene-faust-as-tenants-in-common-or
API:: https://dealroom.so/api/public/businesses/air-venture-properties-llc-and-jay-and-verlene-faust-as-tenants-in-common-or
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Air Venture Properties, LLC and Jay and Verlene Faust as Tenants in Common.