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Lakshmee Hospitality, LLC

Maggie Valley, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Lakshmee Hospitality, LLC, located in Maggie Valley, NC, operates in the hotels and motels industry (NAICS 721110) and is a franchise location. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2,256,000 from GBank, approved on March 7, 2024.

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

$2,256,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,256,000
SBA-guaranteed amount
$1,692,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
March 7, 2049 (estimated, approval date plus term)
Estimated monthly payment
$20,104 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Ramada / Ramada by Wyndham / Ramada Plaza / Ramada Plaza by Wyndham
Project location
Haywood County, NC
SBA district office
North Carolina District Office
Congressional district
NC-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 30% 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 North Carolina: $1,952,444.

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 North Carolina