Main Street Registry

Days Inn

Geneva, NY · Hotels (except Casino Hotels) and Motels · NAICS 721110

Days Inn, located in Geneva, NY, operates in the hotels and motels industry (NAICS 721110) and is a franchise under Days Inn / Days Inn by Wyndham. The business was financed with an SBA 7(a) loan for a change of ownership of $1,850,000, approved on December 28, 2023 by Hanmi Bank.

SBA 7(a) loan, change of ownership, approved Dec 28, 2023

$1,850,000 approvedLender: Hanmi Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,850,000
SBA-guaranteed amount
$1,387,500 (75% of the approval)
Lender
Hanmi Bank, 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
December 28, 2048 (estimated, approval date plus term)
Estimated monthly payment
$16,163 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Days Inn / Days Inn by Wyndham
Project location
Ontario County, NY
SBA district office
Buffalo District Office
Congressional district
NY-23
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 20% 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 New York: $1,771,512.

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 New York