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Round Rock Hotels, LLC

Round Rock, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Round Rock Hotels, LLC is a hotel business in Round Rock, Texas, classified under NAICS code 721110 for hotels (except casino hotels) and motels. The company was financed with an SBA 7(a) loan for a change of ownership, approved on December 29, 2023, in the amount of $5 million from Global One Bank. The loan is associated with a franchise program and reports 20 jobs.

SBA 7(a) loan, change of ownership, approved Dec 29, 2023

$5,000,000 approvedLender: Global One Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Global One Bank, Houston, TX
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
December 29, 2048 (estimated, approval date plus term)
Estimated monthly payment
$44,557 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 29, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Starz Program
Project location
Williamson County, TX
SBA district office
San Antonio District Office
Congressional district
TX-31
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Texas: $1,944,682.

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 Texas