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Extended Stay America Select Suites Birmingham

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

Extended Stay America Select Suites Birmingham is a hotel and motel business in Birmingham, Alabama, classified under NAICS code 721110 (Hotels, except casino hotels, and motels). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,000,000, approved by GBank on February 18, 2025, and the loan is a franchise location of Extended Stay America Suites.

SBA 7(a) loan, change of ownership, approved Feb 18, 2025

$3,000,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,000,000
SBA-guaranteed amount
$2,250,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
February 18, 2050 (estimated, approval date plus term)
Estimated monthly payment
$23,654 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Extended Stay America Suites
Project location
Shelby County, AL
SBA district office
Alabama District Office
Congressional district
AL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 47% 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 Alabama: $1,764,717.

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