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Five Guys Hospitality LLC

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

Five Guys Hospitality LLC, located in Independence, OH, operates in the hotels (except casino hotels) and motels industry, NAICS code 721110. The company was financed with an SBA 7(a) loan for a change of ownership totaling $5 million, approved through Shoreham Bank with an approval date of August 25, 2026. The loan supports a franchise identified as Hampton Inn & Suites by Hilton and is reported with 23 jobs.

SBA 7(a) loan, change of ownership, approved Aug 25, 2026

$5,000,000 approvedLender: Shoreham Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
August 25, 2051 (estimated, approval date plus term)
Estimated monthly payment
$37,766 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
23
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hampton Inn & Suites by Hilton
Project location
Cuyahoga County, OH
SBA district office
Columbus District Office
Congressional district
OH-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
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 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