Main Street Registry

Fairfield Inn & Suites Fremont

Fremont, NE · Hotels (except Casino Hotels) and Motels · NAICS 721110

Fairfield Inn & Suites Fremont is a hotel and motel business in Fremont, Nebraska, classified under the industry Hotels (except Casino Hotels) and Motels. The business was financed with an SBA 7(a) loan for a change of ownership of $5,000,000, approved on December 28, 2024 by Open Bank. The business operates as a franchise.

SBA 7(a) loan, change of ownership, approved Dec 28, 2024

$5,000,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
December 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$41,107 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 19, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott/Fairfield by Marriott Inn & Suites
Project location
Dodge County, NE
SBA district office
Nebraska District Office
Congressional district
NE-01
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 Nebraska: $1,711,589.

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 Nebraska