Main Street Registry

Butterfield Inn Overnight Cottages

Fort Davis, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Butterfield Inn Overnight Cottages is a hotel and motel business located in Fort Davis, Texas, in the Hotels (except Casino Hotels) and Motels industry. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $746,000, approved on April 16, 2026, through Midwest Regional Bank.

SBA 7(a) loan, change of ownership, approved Apr 16, 2026

$746,000 approvedLender: Midwest Regional Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$746,000
SBA-guaranteed amount
$559,500 (75% of the approval)
Lender
Midwest Regional Bank, Festus, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
April 16, 2051 (estimated, approval date plus term)
Estimated monthly payment
$6,518 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 26, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Jeff Davis County, TX
SBA district office
El Paso District Office
Congressional district
TX-23
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 2% 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 Texas: $1,944,682.

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 Texas