Main Street Registry

Narayana of Augusta LLC

Augusta, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Narayana of Augusta LLC is a hotel and motel business in Augusta, Georgia, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,386,000, approved on December 17, 2024, through lender GBank. The business is a Red Roof Inn franchise and reported 24 jobs in its SBA loan record.

SBA 7(a) loan, change of ownership, approved Dec 17, 2024

$3,386,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,386,000
SBA-guaranteed amount
$2,539,500 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
December 17, 2049 (estimated, approval date plus term)
Estimated monthly payment
$27,838 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
24
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Red Roof Inn
Project location
Richmond County, GA
SBA district office
Georgia District Office
Congressional district
GA-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 53% 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 Georgia: $2,017,638.

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 Georgia