Main Street Registry

Chalmette LA Hotels LLC

Chalmette, LA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Chalmette LA Hotels LLC is located in Chalmette, LA, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $3,005,000 for a change of ownership on August 26, 2024.

SBA 7(a) loan, change of ownership, approved Aug 26, 2024

Gross approval
$3,005,000
SBA-guaranteed amount
$2,253,750 (75% of the approval)
Lender
Wallis Bank, Wallis, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years, 6 months (306 months)
Estimated maturity
February 26, 2050 (estimated, approval date plus term)
Estimated monthly payment
$27,187 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Saint Bernard County, LA
SBA district office
Louisiana District Office
Congressional district
LA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Louisiana