Main Street Registry

Microtel Inn & Suites Sunbury OH

Sunbury, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Microtel Inn & Suites Sunbury OH is a hotel and motel business in Sunbury, Ohio, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2.6 million approved on November 25, 2024 by First Western SBLC, LLC d/b/a Peachtree Group.

SBA 7(a) loan, change of ownership, approved Nov 25, 2024

$2,600,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,600,000
SBA-guaranteed amount
$1,950,000 (75% of the approval)
Lender
First Western SBLC, LLC d/b/a Peachtree Group, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
November 25, 2049 (estimated, approval date plus term)
Estimated monthly payment
$21,819 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Microtel Inn & Suites by Wyndham
Project location
Delaware County, OH
SBA district office
Columbus District Office
Congressional district
OH-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 39% 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 Ohio: $1,840,340.

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 Ohio