Main Street Registry

Dhana Laxmi LLC

Mobile, AL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Dhana Laxmi LLC, located in Mobile, Alabama, operates in the hotels (except casino hotels) and motels industry, NAICS 721110. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,950,000, approved May 1, 2025, through Commonwealth Business Bank, with 62 jobs reported.

SBA 7(a) loan, change of ownership, approved May 1, 2025

Gross approval
$3,950,000
SBA-guaranteed amount
$2,962,500 (75% of the approval)
Lender
Commonwealth Business Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
May 1, 2050 (estimated, approval date plus term)
Estimated monthly payment
$31,806 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
62
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Mobile County, AL
SBA district office
Alabama District Office
Congressional district
AL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Alabama