Hotel Royal
431 East Broadway, Long Beach, CA 90802 · Hotels (except Casino Hotels) and Motels (NAICS 721110)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$6.8M
Jobs Supported
24
Years Active
2023–2023
Loan History (2)
Source: SBA FOIA7(a)$4,495,000
Exempt
- Approved
- Dec 29, 2022 (FY2023)
- SBA Guaranteed
- $3,371,250 (75%)
- Term
- 300 months (25.0 yrs)
- Interest Rate
- 9.50%
- Revolver
- 0
- Jobs Supported
- 18
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Hotels (except Casino Hotels) and Motels (NAICS 721110)
Lender
Harvest Small Business Finance, Llc
24422 Avenida De La Carlota, Laguna Hills, CA 92653
Project Location
Los Angeles County, CA
504$2,334,000
Cancelled
- Approved
- Nov 16, 2022 (FY2023)
- Term
- 300 months (25.0 yrs)
- Jobs Supported
- 6
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Hotels (except Casino Hotels) and Motels (NAICS 721110)
Lender
Harvest Commercial Capital, Llc
Certified Development Company (CDC)
Business Finance Capital
515 S. Figueroa Street, Los Angeles, CA 90071
Third-Party Lender
Harvest Commercial Capital, Llc · Laguna Hills, CA
Project Location
Los Angeles County, CA
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 721110 — Hotels (except Casino Hotels) and Motels
- Address
- 431 East Broadway
Long Beach, CA 90802
Lenders
- Harvest Small Business Finance, Llc
- 24422 Avenida De La Carlota, Laguna Hills, CA 92653
- Harvest Commercial Capital, Llc