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Hawthorn Extended Stay By Wyndham Panama City Beach

Panama City Beach, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hawthorn Extended Stay By Wyndham Panama City Beach is a hotel and motel business in Panama City Beach, Florida, classified under NAICS 721110 (Hotels, except casino hotels, and motels). The company was financed with an SBA 7(a) loan for a change of ownership, totaling $5 million, approved on March 14, 2025 by GBank. The loan's term was 25 years, and the business is listed as a franchise under the Hawthorn Extended Stay by Wyndham brand.

SBA 7(a) loan, change of ownership, approved Mar 14, 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
8.5%, variable
Term
25 years (300 months)
Estimated maturity
March 14, 2050 (estimated, approval date plus term)
Estimated monthly payment
$40,261 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 27, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hawthorn / Hawthorn Suites by Wyndham / Hawthorn Suites / Hawthorn Extended Stay / Hawthorn Extended Stay by Wyndham
Project location
Bay County, FL
SBA district office
North Florida District Office
Congressional district
FL-02
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 Florida: $1,808,559.

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 Florida