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SBA lending record

Terrace Hospitality LLC

725 MAIN ST, Fort Morgan, CO 80701 · 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.

$1.1M

Total SBA financing

1

Loan on record

FY2022

On record

7

Jobs supported

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

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The loan

$1,090,000 — FY2022

Gross approval: $1,090,000
SBA guaranteed: $817,500 (75%)
Status: Current
Rate at approval: 6.75% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 8/10/2022
First disbursement: 8/16/2022
Days to fund: 6 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 7
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Open Bank
Address: 725 MAIN ST
City: Fort Morgan, 80701
County: Morgan
SBA district office: COLORADO DISTRICT OFFICE
Congressional district: 4

The lender

Open Bank

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

Similar businesses

Comparable hotels (except casino hotels) and motels in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Opulent Hospitality Inc

Brush, CO· ~10 mi

Rodeway Inn by Choice Hotels/Rodeway Inn & Suites by Choice

$1.1M
SBA financing: ≈ $2.2M–$3.7M
Est. revenue (rough)

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MKTURNER LLC

Longmont, CO· ~65 mi

Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho

$1.4M
SBA financing: ≈ $2.7M–$4.6M
Est. revenue (rough)

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Mike Eden LLC

Greeley, CO· ~48 mi

Hotels (except Casino Hotels) and Motels

$1.9M
SBA financing: ≈ $3.8M–$6.3M
Est. revenue (rough)

View record

LYWW INC

Cheyenne, WY· ~80 mi

Hotels (except Casino Hotels) and Motels

$1.1M
SBA financing: ≈ $2.2M–$3.7M
Est. revenue (rough)

View record

Dahlak LLC

Denver, CO· ~68 mi

Hotels (except Casino Hotels) and Motels

$1.1M
SBA financing: ≈ $2.1M–$3.4M
Est. revenue (rough)

View record

LUXURY INN

Cheyenne, WY· ~81 mi

Hotels (except Casino Hotels) and Motels

$1.3M
SBA financing: ≈ $2.5M–$4.2M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Terrace Hospitality LLC in Fort Morgan, CO (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 $1.1M
On record FY2022
7 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Fort Morgan, CO
Lender: Open 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 CO for ~$1.1M 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/terrace-hospitality-llc-co
API:: https://dealroom.so/api/public/businesses/terrace-hospitality-llc-co
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 Terrace Hospitality LLC.