Main Street Registry

Baymont By Wyndham Cheraw

Cheraw, SC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Baymont By Wyndham Cheraw is a hotel business in Cheraw, South Carolina, classified under NAICS 721110 for hotels (except casino hotels) and motels, and it operates as a Baymont by Wyndham / Baymont Inn & Suites franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $1,619,000, approved on May 7, 2025, by GBank.

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

$1,619,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,619,000
SBA-guaranteed amount
$1,214,250 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
May 7, 2050 (estimated, approval date plus term)
Estimated monthly payment
$13,311 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 22, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Chesterfield County, SC
SBA district office
South Carolina District Office
Congressional district
SC-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 15% 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 South Carolina: $1,827,509.

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 South Carolina