Main Street Registry

Jit Sarb Singh Hospitality LLC

Ashland, OR · Hotels (except Casino Hotels) and Motels · NAICS 721110

Jit Sarb Singh Hospitality LLC is a hotel and motel business in Ashland, Oregon, classified under the industry Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership, approved on September 21, 2024, in the amount of $1,000,000 through Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Sep 21, 2024

$1,000,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
September 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$9,264 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Jackson County, OR
SBA district office
Portland District Office
Congressional district
OR-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 5% 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 Oregon: $1,946,167.

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 Oregon