BHG Aloha LLC
BHG Aloha LLC is located in Hilo, HI, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $3,070,000 for a change of ownership on June 24, 2024.
SBA 7(a) loan, change of ownership, approved Jun 24, 2024
- Gross approval
- $3,070,000
- SBA-guaranteed amount
- $2,302,500 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $29,536 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Hawaii County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% 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 Hawaii: $1,359,741.
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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