Kar Hospitality

131 John St, Salinas, CA 93901 · Hotels (except Casino Hotels) and Motels (NAICS 721110)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

1

Total Amount

$4.0M

Jobs Supported

9

Years Active

2021

Loan History (1)

Source: SBA FOIA
7(a)$4,040,000
Paid in Full
Approved
Sep 1, 2021 (FY2021)
SBA Guaranteed
$3,636,000 (90%)
Term
300 months (25.0 yrs)
Interest Rate
4.50%
Revolver
0
Jobs Supported
9
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Hotels (except Casino Hotels) and Motels (NAICS 721110)
Paid in Full
Mar 31, 2024

Lender

Pinnacle Bank

18181 Butterfield Blvd, Ste 13, Morgan Hill, CA 95037

Project Location

Monterey 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
131 John St
Salinas, CA 93901

Lender

Pinnacle Bank
18181 Butterfield Blvd, Ste 13, Morgan Hill, CA 95037

Other SBA Borrowers in Salinas

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