SBA lending record
ECONO LODGE
2501 S Service Rd West, Memphis, AR 72301 · 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.
$1.9M
Total SBA financing
1
Loan on record
FY2022
On record
9
Jobs supported
Franchise brand
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
See Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho's SBA financing data — typical deal, failure rate, and how its loans perform →
● business · ● lender — business location is the ZIP-area centroid from the public record
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The loan
$1,857,500 — FY2022
- Gross approval
- $1,857,500
- SBA guaranteed
- $1,393,125 (75%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 6.75% v
- Term
- 287 mo (24 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 7/26/2022
- First disbursement
- 7/27/2022
- Days to fund
- 1 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Celtic Bank Corporation
1 loan to this business- Total assets
- $4965.3B
- Deposits
- $3560.0B
- Loans outstanding
- $4068.3B
- Net income
- $40.1B
- Return on assets
- 3.2905298677485337%
- Return on equity
- 18.48%
- Total equity
- $886.6B
- Offices
- 1
- Founded
- 03/0
- Headquarters
- 268 S State St, Salt Lake City, UT, 84111
- FDIC cert
- 57056
- Website
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with ECONO LODGE.