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Bukhari Group Hospitality, LLC

Alpharetta, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Bukhari Group Hospitality, LLC is a hotel business in Alpharetta, Georgia, classified under the industry of hotels (except casino hotels) and motels. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $5,000,000, approved on November 4, 2023, through the lender GBank. The business operates as a Holiday Inn Express/Holiday Inn Express & Suites franchise.

SBA 7(a) loan, change of ownership, approved Nov 4, 2023

$5,000,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
November 4, 2048 (estimated, approval date plus term)
Estimated monthly payment
$42,819 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 20, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Fulton County, GA
SBA district office
Georgia District Office
Congressional district
GA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Georgia: $2,017,638.

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 Georgia