Main Street Registry

Niva Hospitality LLC

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

Niva Hospitality LLC, located in McDonough, Georgia, operates in the hotels (except casino hotels) and motels industry, and is listed as a Country Inn and Suites by Radisson franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3,748,000, approved on November 18, 2023 through Metro City Bank, and reports 12 jobs.

SBA 7(a) loan, change of ownership, approved Nov 18, 2023

$3,748,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,748,000
SBA-guaranteed amount
$2,811,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
November 18, 2048 (estimated, approval date plus term)
Estimated monthly payment
$32,746 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Country Inn and Suites by Radisson
Project location
Henry County, GA
SBA district office
Georgia District Office
Congressional district
GA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 59% 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