SBA lending record

Ocotillo Inn

1425-1455 Ocotillo Drive, El Centro, CA 92243 · 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.

$5.0M

Total SBA financing

Loan on record

FY2021

On record

Jobs supported

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

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The loan

$5,000,000 — FY2021

Gross approval: $5,000,000
SBA guaranteed: $3,750,000 (75%)
Status: Current
Rate at approval: 5.25% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 9/14/2021
First disbursement: 9/29/2021
Days to fund: 15 days
Collateral: Required
Sold on secondary market: Yes

The lender

Frontwave Credit Union

1 loan to this business

No FDIC profile on file (non-bank lender).

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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 Ocotillo Inn.