Main Street Registry

Days Inn Copperas Cove

Copperas Cove, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Days Inn Copperas Cove, located in Copperas Cove, Texas, is classified in the hotels and motels industry (NAICS 721110). The business was financed with an SBA 7(a) loan for a change of ownership of $3.08 million, approved on October 20, 2023, through lender Centerstone SBA Lending, Inc.

SBA 7(a) loan, change of ownership, approved Oct 20, 2023

$3,084,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,084,000
SBA-guaranteed amount
$2,313,000 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
October 20, 2048 (estimated, approval date plus term)
Estimated monthly payment
$26,945 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 30, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Coryell County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-25
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 49% 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 Texas: $1,944,682.

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 Texas