Main Street Registry

Jay Aadinath Hospitality LLC

Rahway, NJ · Hotels (except Casino Hotels) and Motels · NAICS 721110

Jay Aadinath Hospitality LLC is a hotel business in Rahway, New Jersey, in the hotels (except casino hotels) and motels industry. It was financed with an SBA 7(a) loan for a change of ownership of $3,383,000, approved by lender GBank on April 28, 2026, and the loan is reported with 10 jobs and a franchise listed as MHO Hotels.

SBA 7(a) loan, change of ownership, approved Apr 28, 2026

$3,383,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,383,000
SBA-guaranteed amount
$2,537,250 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
April 28, 2051 (estimated, approval date plus term)
Estimated monthly payment
$25,553 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 28, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
MHO Hotels
Project location
Union County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 53% 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 New Jersey: $1,626,307.

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 New Jersey