Main Street Registry

Limon Inn & Suites

Limon, CO · Hotels (except Casino Hotels) and Motels · NAICS 721110

Limon Inn & Suites is a hotel and motel business located in Limon, Colorado, in the Hotels (except Casino Hotels) and Motels industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $657,000, approved by Hanmi Bank on January 28, 2026, with 3 jobs reported.

SBA 7(a) loan, change of ownership, approved Jan 28, 2026

$657,000 approvedLender: Hanmi Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$657,000
SBA-guaranteed amount
$409,180 (62% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
January 28, 2051 (estimated, approval date plus term)
Estimated monthly payment
$5,180 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 10, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Lincoln County, CO
SBA district office
Colorado District Office
Congressional district
CO-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 1% 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 Colorado: $1,608,658.

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 Colorado