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SBA lending record

Budget Lodge

3244 Western Branch Blvd., Chesapeake, VA 23321 · 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

25

Jobs supported

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

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The loan

$1,768,400 — FY2021

Gross approval: $1,768,400
SBA guaranteed: $1,591,560 (90%)
Status: Paid in full
Rate at approval: 5.25% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/14/2021
First disbursement: 7/22/2021
Days to fund: 8 days
Paid in full: 1/31/2025
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 25
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Celtic Bank Corporation
Address: 3244 Western Branch Blvd.
City: Chesapeake, 23321
County: Chesapeake City
SBA district office: RICHMOND DISTRICT OFFICE
Congressional district: 3

The lender

Celtic Bank Corporation

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

Find SBA lenders for businesses like this

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

SBA lenders in Virginia Lenders for hotels (except casino hotels) and motels Hotels (except Casino Hotels) and Motels lenders in Virginia

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Agent summary

This page summarizes the public SBA 7(a) lending record for Budget Lodge in Chesapeake, VA (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
25 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Chesapeake, VA
Lender: Celtic Bank Corporation

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 VA 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 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/budget-lodge-va
API:: https://dealroom.so/api/public/businesses/budget-lodge-va
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 Budget Lodge.