Main Street Registry

Ambe Hotels Walnut Hill LLC

Houston, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Ambe Hotels Walnut Hill LLC is a hotel business in Houston, Texas, in the hotels (except casino hotels) and motels industry. The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved by Global One Bank on August 27, 2024. The loan is associated with a Hampton Inn & Suites by Hilton franchise and lists 20 jobs.

SBA 7(a) loan, change of ownership, approved Aug 27, 2024

Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Global One Bank, Houston, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
August 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$44,557 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 4, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hampton Inn & Suites by Hilton
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Texas