Main Street Registry

Days Inn Huntington

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

Days Inn Huntington is a hotel and motel business in Huntington, West Virginia, operating in the Hotels (except Casino Hotels) and Motels industry, and it operates as a Days Inn franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,380,000, approved on February 6, 2024 by First Western SBLC, LLC d/b/a Peachtree Group.

SBA 7(a) loan, change of ownership, approved Feb 6, 2024

$2,380,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,380,000
SBA-guaranteed amount
$1,785,000 (75% of the approval)
Lender
First Western SBLC, LLC d/b/a Peachtree Group, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
February 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$20,794 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Days Inn / Days Inn by Wyndham
Project location
Cabell County, WV
SBA district office
West Virginia District Office
Congressional district
WV-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 33% 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