# Novakara Hospitality LLC, Ft. Pierre SD: $3,397,000 SBA 504 loan approved 2026-02-04

**Fresh Capital Score:** 55/100

| Field | Value |
|---|---|
| Business | Novakara Hospitality LLC |
| Location | Ft. Pierre, SD, 57532 |
| County | STANLEY |
| Program | SBA 504 |
| Gross approval | $3,397,000 |
| Approved | 2026-02-04 |
| Lender | Ally Dakota Development, Inc. |
| Third-party lender | BankWest, Inc |
| Term (months) | 300 |
| Industry | Hotels (except Casino Hotels) and Motels |
| NAICS | 721110 |
| Franchise | Candlewood Suites |
| Business type | CORPORATION |
| Business age | Existing or more than 2 years old |
| Jobs supported | 11 |

## Why this score
- Approval of $2M or more: major new capital.
- Franchise (Candlewood Suites).

Source: U.S. Small Business Administration 7(a) and 504 FOIA loan data (https://data.sba.gov/dataset/7a-504-foia). Last refreshed: 2026-11-04T01:29:00.118Z.
Loan data comes from SBA public FOIA files, which SBA refreshes quarterly, so the newest approvals can lag by up to about four months. Sole proprietors and street addresses are excluded. Informational only.