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Fairfield Inn Charlotte Northlake

Charlotte, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Fairfield Inn Charlotte Northlake is a hotel and motel business in Charlotte, North Carolina, in the Hotels (except Casino Hotels) and Motels industry. It was financed with an SBA 7(a) loan for a change of ownership of $5,000,000, approved on March 13, 2025 by GBank, with 21 jobs reported and a franchise affiliation listed as Fairfield by Marriott.

SBA 7(a) loan, change of ownership, approved Mar 13, 2025

$5,000,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (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
March 13, 2050 (estimated, approval date plus term)
Estimated monthly payment
$39,423 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
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
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-08
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 North Carolina: $1,952,444.

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 North Carolina