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Bloomfield Hospitality, LLC

Bloomfield, NM · Hotels (except Casino Hotels) and Motels · NAICS 721110

Bloomfield Hospitality, LLC is a hotel and motel business in Bloomfield, New Mexico, in the industry classified as Hotels (except Casino Hotels) and Motels. The business was financed with an SBA 7(a) loan for a change of ownership of $4.58 million, approved on January 8, 2025 by lender Centerstone SBA Lending, Inc. The loan's franchise affiliation is listed as Best Western, and the loan was reported with 15 jobs.

SBA 7(a) loan, change of ownership, approved Jan 8, 2025

$4,580,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,580,000
SBA-guaranteed amount
$3,435,000 (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
9%, variable
Term
25 years (300 months)
Estimated maturity
January 8, 2050 (estimated, approval date plus term)
Estimated monthly payment
$38,435 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 8, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
San Juan County, NM
SBA district office
New Mexico District Office
Congressional district
NM-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% 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 New Mexico: $1,985,089.

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 New Mexico