Main Street Registry

Baymont By Wyndham

Lake City, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Baymont By Wyndham is a hotel or motel business located in Lake City, Florida, classified under the industry Hotels (except Casino Hotels) and Motels. The business was financed with an SBA 7(a) loan for a change of ownership of $3,435,200, approved on January 23, 2025, through the lender GBank, and the loan reports 10 jobs and a Baymont by Wyndham franchise affiliation.

SBA 7(a) loan, change of ownership, approved Jan 23, 2025

$3,435,200 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,435,200
SBA-guaranteed amount
$2,576,400 (75% of the approval)
Lender
GBank, Las Vegas, NV
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 23, 2050 (estimated, approval date plus term)
Estimated monthly payment
$27,661 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
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Columbia County, FL
SBA district office
North Florida District Office
Congressional district
FL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 54% 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 Florida: $1,808,559.

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 Florida