Main Street Registry

Country Haven Inn

Hillsboro, KS · Hotels (except Casino Hotels) and Motels · NAICS 721110

Country Haven Inn is a hotel and motel business located in Hillsboro, Kansas, classified under the industry Hotels (except Casino Hotels) and Motels. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $550,000, approved on July 10, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Jul 10, 2024

$550,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$550,000
SBA-guaranteed amount
$412,500 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
July 10, 2049 (estimated, approval date plus term)
Estimated monthly payment
$5,193 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Marion County, KS
SBA district office
Wichita District Office
Congressional district
KS-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in Kansas: $1,491,022.

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 Kansas