Main Street Registry

Grandharv Hospitality LLC

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

Grandharv Hospitality LLC, located in Uniontown, Ohio, operates in the hotels and motels industry (NAICS 721110, excluding casino hotels). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5,000,000 approved by GBank on September 13, 2024. The loan record lists 25 jobs and identifies the business as a franchise of Cambria Hotels.

SBA 7(a) loan, change of ownership, approved Sep 13, 2024

$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
9.5%, variable
Term
25 years (300 months)
Estimated maturity
September 13, 2049 (estimated, approval date plus term)
Estimated monthly payment
$43,685 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Cambria Hotels
Project location
Summit County, OH
SBA district office
Columbus District Office
Congressional district
OH-07
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 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