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Maharaj Swami Hotels LLC

Hemet, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Maharaj Swami Hotels LLC is a hotel and motel business in Hemet, California, in the hotels and motels industry (NAICS 721110), and it operates under a Quality Inn franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $4,640,000, approved on January 19, 2024, through Bank of Hope. The loan is reported with 17 jobs.

SBA 7(a) loan, change of ownership, approved Jan 19, 2024

$4,640,000 approvedLender: Bank of Hope25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,640,000
SBA-guaranteed amount
$2,770,080 (60% of the approval)
Lender
Bank of Hope, Los Angeles, CA
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 19, 2049 (estimated, approval date plus term)
Estimated monthly payment
$40,540 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-36
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 72% 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 California: $1,688,228.

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 California