Main Street Registry

Motel6 Osu North

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

Motel6 Osu North is a hotel and motel business in Columbus, Ohio, classified under NAICS 721110 for hotels (except casino hotels) and motels, and operates as a Motel 6 franchise. The business was financed with an SBA 7(a) loan for a change of ownership, with an approved loan amount of $1,886,000 from lender GBank and an approval date of December 12, 2024. The loan reports 11 jobs.

SBA 7(a) loan, change of ownership, approved Dec 12, 2024

$1,886,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,886,000
SBA-guaranteed amount
$1,414,500 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
December 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$15,827 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Motel 6
Project location
Franklin County, OH
SBA district office
Columbus District Office
Congressional district
OH-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 21% 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