Main Street Registry

King Jr. Hotel

Los Angeles, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

King Jr. Hotel is a business in Los Angeles, California, operating in the hotels (except casino hotels) and motels industry. It was financed with an SBA 7(a) loan for a change of ownership of $1.7 million, approved on March 27, 2026, through US Metro Bank.

SBA 7(a) loan, change of ownership, approved Mar 27, 2026

$1,700,000 approvedLender: US Metro Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,700,000
SBA-guaranteed amount
$1,275,000 (75% of the approval)
Lender
US Metro Bank, Garden Grove, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
March 27, 2051 (estimated, approval date plus term)
Estimated monthly payment
$13,121 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 30, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-37
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 17% 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 California: $1,688,228.

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 California