Main Street Registry

KA Tuscumbia LLC

Tuscumbia, AL · Hotels (except Casino Hotels) and Motels · NAICS 721110

KA Tuscumbia LLC is a hotel and motel business located in Tuscumbia, Alabama, and operates under a franchise with Best Western. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $5 million, approved on July 31, 2024, through First Community Bank.

SBA 7(a) loan, change of ownership, approved Jul 31, 2024

$5,000,000 approvedLender: First Community Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
First Community Bank, Lexington, SC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, fixed
Term
25 years (300 months)
Estimated maturity
July 31, 2049 (estimated, approval date plus term)
Estimated monthly payment
$39,423 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Colbert County, AL
SBA district office
Alabama District Office
Congressional district
AL-04
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 Alabama: $1,764,717.

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 Alabama