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Om Siddhivinayak Hospitality LLC

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

Om Siddhivinayak Hospitality LLC is a hotel and motel business located in Kingsland, Georgia, operating in the hotels and motels industry under NAICS code 721110. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2,000,000 approved by Metro City Bank on October 10, 2024, and the business is a Motel 6 franchise.

SBA 7(a) loan, change of ownership, approved Oct 10, 2024

$2,000,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,000,000
SBA-guaranteed amount
$1,500,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.25%, fixed
Term
25 years (300 months)
Estimated maturity
October 10, 2049 (estimated, approval date plus term)
Estimated monthly payment
$14,456 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Motel 6
Project location
Camden County, GA
SBA district office
Georgia District Office
Congressional district
GA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 25% 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