Main Street Registry

Fairfax Hotels LLC

Chantilly, VA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Fairfax Hotels LLC, located in Chantilly, Virginia, operates in the hotel and motel industry (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership totaling $5 million, approved in December 2024 through Everwise Credit Union, and the loan is reported with 20 jobs and a franchise affiliation.

SBA 7(a) loan, change of ownership, approved Dec 5, 2024

$5,000,000 approvedLender: Everwise Credit Union25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Everwise Credit Union, South Bend, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
December 5, 2049 (estimated, approval date plus term)
Estimated monthly payment
$47,209 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
LLC or partnership
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
MainStay Suites ES
Project location
Fairfax County, VA
SBA district office
Washington District Office
Congressional district
VA-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Virginia: $1,860,760.

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 Virginia