Main Street Registry

Comfort Inn Evansville

Evansville, IN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Comfort Inn Evansville is a hotel and motel business located in Evansville, Indiana, in the hotels (except casino hotels) and motels industry. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5,000,000 approved by GBank on March 6, 2025. The loan's franchise is listed as Comfort Inn, Comfort Inn & Suites & Comfort Suites, and the loan supports 6 jobs.

SBA 7(a) loan, change of ownership, approved Mar 6, 2025

$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
8.5%, variable
Term
25 years (300 months)
Estimated maturity
March 6, 2050 (estimated, approval date plus term)
Estimated monthly payment
$40,261 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Inn, Comfort Inn & Suites & Comfort Suites
Project location
Vanderburgh County, IN
SBA district office
Indiana District Office
Congressional district
IN-08
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 Indiana: $1,995,900.

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 Indiana