Prime Hospitality & Development Llc
2539 South Saunders Street, Raleigh, NC 27603 · Hotels (except Casino Hotels) and Motels (NAICS 721110)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$5.2M
Jobs Supported
17
Years Active
2021–2024
Loan History (2)
Source: SBA FOIA504$1,793,000
Exempt
- Approved
- Jul 17, 2024 (FY2024)
- 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
First Bank of the Lake
Certified Development Company (CDC)
Business Expansion Funding Cor
5970 Fairview Road, Charlotte, NC 28210
Third-Party Lender
First Bank of the Lake · Osage Beach, MO
Project Location
Wake County, NC
7(a)$3,435,000
Paid in Full
- Approved
- May 19, 2021 (FY2021)
- SBA Guaranteed
- $3,091,500 (90%)
- Term
- 300 months (25.0 yrs)
- Interest Rate
- 5.75%
- Revolver
- 0
- Jobs Supported
- 11
- Business Type
- Corporation
- Business Age
- New Business or 2 Years or Less
- Industry
- Hotels (except Casino Hotels) and Motels (NAICS 721110)
- Paid in Full
- Aug 31, 2024
Lender
Shoreham Bank
One Shoreham Way, Warwick, RI 2886
Project Location
Wake County, NC
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 721110 — Hotels (except Casino Hotels) and Motels
- Address
- 2539 South Saunders Street
Raleigh, NC 27603
Lenders
- First Bank of the Lake
- Shoreham Bank
- One Shoreham Way, Warwick, RI 2886