Main Street Registry

Chestnut Hotel Group LLC

Saint Clairsville, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Chestnut Hotel Group LLC, located in Saint Clairsville, Ohio, operates in the hotels (except casino hotels) and motels industry. The company was financed with an SBA 7(a) loan for a change of ownership of $2,347,700, approved on May 27, 2025 through GBank, with a term of 300 months and a franchise affiliation listed as Best Western.

SBA 7(a) loan, change of ownership, approved May 27, 2025

Gross approval
$2,347,700
SBA-guaranteed amount
$1,760,775 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
May 27, 2050 (estimated, approval date plus term)
Estimated monthly payment
$18,904 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
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
Belmont County, OH
SBA district office
Columbus District Office
Congressional district
OH-06
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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Ohio