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Mahadev Bismarck Hospitality LLC

Bismarck, ND · Hotels (except Casino Hotels) and Motels · NAICS 721110

Mahadev Bismarck Hospitality LLC, located in Bismarck, North Dakota, operates in the hotels and motels industry (NAICS 721110, except casino hotels). The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on January 15, 2026, through Everwise Credit Union. The business is reported as a Radisson franchise and lists 146 jobs.

SBA 7(a) loan, change of ownership, approved Jan 15, 2026

$5,000,000 approvedLender: Everwise Credit Union25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Everwise Credit Union, South Bend, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
January 15, 2051 (estimated, approval date plus term)
Estimated monthly payment
$43,685 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 19, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
146
Business type
LLC or partnership
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Radisson
Project location
Burleigh County, ND
SBA district office
North Dakota District Office
Congressional district
ND-00
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Dakota: $1,899,142.

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 Dakota