Main Street Registry

Maa Lakshmi, LLC

Memphis, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Maa Lakshmi, LLC is located in Memphis, TN, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $2,280,000 for a change of ownership on June 22, 2026.

SBA 7(a) loan, change of ownership, approved Jun 22, 2026

Gross approval
$2,280,000
SBA-guaranteed amount
$1,710,000 (75% of the approval)
Lender
American Bank, Covington, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
June 22, 2051 (estimated, approval date plus term)
Estimated monthly payment
$17,977 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 25, 2026
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Shelby County, TN
SBA district office
Tennessee District Office
Congressional district
TN-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Tennessee