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HAJ Hospitality LLC

Indianapolis, IN · Hotels (except Casino Hotels) and Motels · NAICS 721110

HAJ Hospitality LLC is a hotel business located in Indianapolis, Indiana, in the hotels (except casino hotels) and motels industry. The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved through Everwise Credit Union on November 5, 2024, and reported 49 jobs.

SBA 7(a) loan, change of ownership, approved Nov 5, 2024

$5,000,000 approvedLender: Everwise Credit Union25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Everwise Credit Union, South Bend, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
25 years (300 months)
Estimated maturity
November 5, 2049 (estimated, approval date plus term)
Estimated monthly payment
$48,105 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
49
Business type
LLC or partnership
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Candlewood Suites
Project location
Marion County, IN
SBA district office
Indiana District Office
Congressional district
IN-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 Indiana: $1,995,900.

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 Indiana