Main Street Registry

Days Inn & Suites

Sutton, WV · Hotels (except Casino Hotels) and Motels · NAICS 721110

Days Inn & Suites in Sutton, WV operates in the Hotels (except Casino Hotels) and Motels industry. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $5 million, approved through lender GBank on June 21, 2024. The business is a Days Inn / Days Inn by Wyndham franchise and reported 35 jobs in the loan record.

SBA 7(a) loan, change of ownership, approved Jun 21, 2024

$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
9.5%, variable
Term
25 years (300 months)
Estimated maturity
June 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$43,685 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Days Inn / Days Inn by Wyndham
Project location
Braxton County, WV
SBA district office
West Virginia District Office
Congressional district
WV-02
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 West Virginia: $2,753,191.

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 West Virginia