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Recently Funded Hotel
Recently funded hotel in Michigan with a $5,500,000 SBA 504 loan
Use of Proceeds: Buy a flagged hotel
Industry: Hospitality
Loan Amount: $5,500,000 SBA 504
State: Michigan
Funds were used to purchase a recently renovated flagged hotel in Michigan. Because of the borrower’s strong industry experience and outside income, Celtic Bank felt comfortable extending $5.5MM in 504 financing.
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