Main Street Registry

Colonial Hospitality Inc.

Colonial Beach, VA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Colonial Hospitality Inc. is a hotel, motel, and similar lodging business located in Colonial Beach, Virginia, classified under NAICS code 721110. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3 million, approved by US Metro Bank on September 29, 2026.

SBA 7(a) loan, change of ownership, approved Sep 29, 2026

$3,000,000 approvedLender: US Metro Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$3,000,000
SBA-guaranteed amount
$2,250,000 (75% of the approval)
Lender
US Metro Bank, Garden Grove, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
September 29, 2051 (estimated, approval date plus term)
Estimated monthly payment
$23,154 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Westmoreland County, VA
SBA district office
Richmond District Office
Congressional district
VA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 47% 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 Virginia: $1,860,760.

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 Virginia