Main Street Registry

Madhav 24 LLC

Rock Hill, SC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Madhav 24 LLC is a hotel business in Rock Hill, South Carolina, classified under NAICS 721110 for hotels (except casino hotels) and motels, and it operates as a Best Western franchise. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $4,225,000 approved by American Pride Bank on March 12, 2025. The loan is associated with 12 jobs.

SBA 7(a) loan, change of ownership, approved Mar 12, 2025

$4,225,000 approvedLender: American Pride Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$4,225,000
SBA-guaranteed amount
$3,168,750 (75% of the approval)
Lender
American Pride Bank, Macon, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
March 12, 2050 (estimated, approval date plus term)
Estimated monthly payment
$34,021 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
York County, SC
SBA district office
South Carolina District Office
Congressional district
SC-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 66% 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 South Carolina: $1,827,509.

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 South Carolina