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Fairfield Inn Maumee

Maumee, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Fairfield Inn Maumee is a hotel located in Maumee, Ohio, in the hotels (except casino hotels) and motels industry, and it operates as a Fairfield by Marriott franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,828,000, approved on August 22, 2024, through lender First Western SBLC, LLC d/b/a Peachtree Group.

SBA 7(a) loan, change of ownership, approved Aug 22, 2024

$2,828,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,828,000
SBA-guaranteed amount
$2,121,000 (75% of the approval)
Lender
First Western SBLC, LLC d/b/a Peachtree Group, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
August 22, 2049 (estimated, approval date plus term)
Estimated monthly payment
$24,708 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
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
Lucas County, OH
SBA district office
Columbus District Office
Congressional district
OH-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 44% 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 Ohio: $1,840,340.

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 Ohio