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P&P Hotels LLC

Radford, VA · Hotels (except Casino Hotels) and Motels · NAICS 721110

P&P Hotels LLC, located in Radford, Virginia, operates in the hotels (except casino hotels) and motels industry and is a Super 8 by Wyndhan franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $2,645,000, approved on December 18, 2025, through Hanover Community Bank. The loan supports 6 jobs.

SBA 7(a) loan, change of ownership, approved Dec 18, 2025

$2,645,000 approvedLender: Hanover Community Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,645,000
SBA-guaranteed amount
$1,983,750 (75% of the approval)
Lender
Hanover Community Bank, Mineola, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
December 18, 2050 (estimated, approval date plus term)
Estimated monthly payment
$20,855 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 4, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Super 8 by Wyndhan / Super 8
Project location
Radford County, VA
SBA district office
Richmond District Office
Congressional district
VA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 40% 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 Virginia: $1,860,760.

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 Virginia