Main Street Registry

Days Inn Sidney

Sidney, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Days Inn Sidney is a hotel, motel and related lodging business in Sidney, Ohio, in the hotels (except casino hotels) and motels industry. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,738,000, approved on November 19, 2024 by GBank. The business operates as a Days Inn franchise and reports 4 jobs.

SBA 7(a) loan, change of ownership, approved Nov 19, 2024

$1,738,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,738,000
SBA-guaranteed amount
$1,303,500 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
November 19, 2049 (estimated, approval date plus term)
Estimated monthly payment
$14,585 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Days Inn / Days Inn by Wyndham
Project location
Shelby County, OH
SBA district office
Columbus District Office
Congressional district
OH-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 18% 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 Ohio: $1,840,340.

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 Ohio