Main Street Registry

Days Inn & Suites

Stuttgart, AR · Hotels (except Casino Hotels) and Motels · NAICS 721110

Days Inn & Suites in Stuttgart, AR operates in the hotels and motels industry (NAICS 721110). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,218,000 approved by GBank on August 29, 2024, and it is a Days Inn franchise.

SBA 7(a) loan, change of ownership, approved Aug 29, 2024

$1,218,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,218,000
SBA-guaranteed amount
$913,500 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
August 29, 2049 (estimated, approval date plus term)
Estimated monthly payment
$10,642 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Days Inn / Days Inn by Wyndham
Project location
Arkansas County, AR
SBA district office
Arkansas District Office
Congressional district
AR-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 8% 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 Arkansas: $2,003,702.

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 Arkansas