Main Street Registry

Quality Inn Jonesville I-77

Jonesville, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Quality Inn Jonesville I-77 is a hotel and motel business located in Jonesville, North Carolina, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The business was financed with an SBA 7(a) loan for a change of ownership of $4,060,000, approved on May 20, 2025 by lender GBank, and the loan supports 21 jobs and is associated with the Quality Inn and Quality Inn & Suites franchise brands.

SBA 7(a) loan, change of ownership, approved May 20, 2025

$4,060,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,060,000
SBA-guaranteed amount
$3,045,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
May 20, 2050 (estimated, approval date plus term)
Estimated monthly payment
$32,692 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 27, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Yadkin County, NC
SBA district office
North Carolina District Office
Congressional district
NC-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 63% 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 North Carolina: $1,952,444.

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 North Carolina