Main Street Registry

Holiday Inn Express

Mineral Wells, WV · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holiday Inn Express in Mineral Wells, WV, operates in the hotels and motels industry (NAICS 721110). The business was financed with an SBA 7(a) loan for a change of ownership, approved on September 26, 2024, in the amount of $4,190,000 through First Western SBLC, LLC d/b/a Peachtree Group. The loan is associated with 25 jobs and a Holiday Inn Express franchise.

SBA 7(a) loan, change of ownership, approved Sep 26, 2024

$4,190,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,190,000
SBA-guaranteed amount
$3,142,500 (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
September 26, 2049 (estimated, approval date plus term)
Estimated monthly payment
$36,608 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Wood County, WV
SBA district office
West Virginia District Office
Congressional district
WV-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 66% 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 West Virginia: $2,753,191.

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 West Virginia