Main Street Registry

Raj Dev Hospitality LLC

Berlin, WI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Raj Dev Hospitality LLC, located in Berlin, Wisconsin, operates in the hotel and motel industry (NAICS 721110, Hotels except Casino Hotels and Motels). The business was financed with an SBA 7(a) loan for a change of ownership of $608,400, approved on November 24, 2023 by Fortifi Bank, and the business is operated as a franchise of Super 8 by Wyndham.

SBA 7(a) loan, change of ownership, approved Nov 24, 2023

Gross approval
$608,400
SBA-guaranteed amount
$456,300 (75% of the approval)
Lender
Fortifi Bank, Berlin, WI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.25%, fixed
Term
25 years (300 months)
Estimated maturity
November 24, 2048 (estimated, approval date plus term)
Estimated monthly payment
$4,797 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 8, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Super 8 by Wyndhan / Super 8
Project location
Green Lake County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Wisconsin