Main Street Registry

Asheville Inn

Asheville, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Asheville Inn in Asheville, NC is classified under NAICS 721110, Hotels (except Casino Hotels) and Motels. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,357,000, approved on August 20, 2024 by Centerstone SBA Lending, Inc.

SBA 7(a) loan, change of ownership, approved Aug 20, 2024

$1,357,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,357,000
SBA-guaranteed amount
$1,017,750 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
August 20, 2049 (estimated, approval date plus term)
Estimated monthly payment
$12,813 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Buncombe County, NC
SBA district office
North Carolina District Office
Congressional district
NC-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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 North Carolina: $1,952,444.

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 North Carolina