Main Street Registry

AGS Hospitality LLC

Rossford, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

AGS Hospitality LLC, located in Rossford, OH, operates in the hotels (except casino hotels) and motels industry. It was financed with an SBA 7(a) loan for a change of ownership totaling $4.5 million, approved on January 29, 2025, by Shoreham Bank.

SBA 7(a) loan, change of ownership, approved Jan 29, 2025

$4,500,000 approvedLender: Shoreham Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,500,000
SBA-guaranteed amount
$3,375,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
January 29, 2050 (estimated, approval date plus term)
Estimated monthly payment
$36,235 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Wood County, OH
SBA district office
Columbus District Office
Congressional district
OH-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 70% 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 Ohio: $1,840,340.

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 Ohio