Main Street Registry

3980 Riverside Dr Owner, LLC

Macon, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

3980 Riverside Dr Owner, LLC is a hotel and motel business in Macon, Georgia, classified under the industry Hotels (except Casino Hotels) and Motels, and the loan is associated with a Suburban Studios ES franchise. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,195,000, approved by GBank on May 2, 2024.

SBA 7(a) loan, change of ownership, approved May 2, 2024

$2,195,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,195,000
SBA-guaranteed amount
$1,646,250 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
May 2, 2049 (estimated, approval date plus term)
Estimated monthly payment
$19,946 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Suburban Studios ES
Project location
Bibb County, GA
SBA district office
Georgia District Office
Congressional district
GA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 29% 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 Georgia: $2,017,638.

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 Georgia