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Kabir Pramukh Topeka LLC

Topeka, KS · Hotels (except Casino Hotels) and Motels · NAICS 721110

Kabir Pramukh Topeka LLC is a hotel and motel business in Topeka, Kansas, classified under the NAICS industry for hotels (except casino hotels) and motels. The company was financed with an SBA 7(a) loan for a change of ownership of $1.9 million from Shoreham Bank, with approval dated March 22, 2024.

SBA 7(a) loan, change of ownership, approved Mar 22, 2024

$1,900,000 approvedLender: Shoreham Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,900,000
SBA-guaranteed amount
$1,425,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
March 22, 2049 (estimated, approval date plus term)
Estimated monthly payment
$15,945 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Shawnee County, KS
SBA district office
Kansas City District Office
Congressional district
KS-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 22% 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 Kansas: $1,491,022.

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 Kansas