Main Street Registry

Baymont Inn

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

Baymont Inn is a hotel business in Huber Heights, Ohio, classified under NAICS 721110 for hotels (except casino hotels) and motels, and it operates as a Baymont by Wyndham franchise. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,980,000, approved on February 28, 2024 by Mission Valley Bank, with 5 jobs reported.

SBA 7(a) loan, change of ownership, approved Feb 28, 2024

$1,980,000 approvedLender: Mission Valley Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,980,000
SBA-guaranteed amount
$1,485,000 (75% of the approval)
Lender
Mission Valley Bank, Sun Valley, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
February 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$17,992 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Montgomery County, OH
SBA district office
Columbus District Office
Congressional district
OH-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 24% 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