Main Street Registry

Inn of Lenoir

Lenoir City, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Inn of Lenoir, located in Lenoir City, Tennessee, operates in the hotels (except casino hotels) and motels industry. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,840,000, approved by Centerstone SBA Lending, Inc. on March 11, 2025.

SBA 7(a) loan, change of ownership, approved Mar 11, 2025

$2,840,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,840,000
SBA-guaranteed amount
$2,130,000 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
March 11, 2050 (estimated, approval date plus term)
Estimated monthly payment
$23,349 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Loudon County, TN
SBA district office
Tennessee District Office
Congressional district
TN-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 44% 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 Tennessee: $1,738,925.

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 Tennessee