Main Street Registry

1335 Hotels LLC

Memphis, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

1335 Hotels LLC is a hotel business in Memphis, Tennessee, classified under the industry Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,850,000 from American Bank, with approval dated July 8, 2026.

SBA 7(a) loan, change of ownership, approved Jul 8, 2026

$1,850,000 approvedLender: American Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,850,000
SBA-guaranteed amount
$1,387,500 (75% of the approval)
Lender
American Bank, Covington, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
July 8, 2051 (estimated, approval date plus term)
Estimated monthly payment
$15,210 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 10, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Shelby County, TN
SBA district office
Tennessee District Office
Congressional district
TN-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 20% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in Tennessee: $1,738,925.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Tennessee