Main Street Registry

Sahota Associates, Inc.

Castro Valley, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sahota Associates, Inc. is located in Castro Valley, CA, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $4,465,000 for a change of ownership on August 27, 2024.

SBA 7(a) loan, change of ownership, approved Aug 27, 2024

Gross approval
$4,465,000
SBA-guaranteed amount
$3,348,750 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
26 years (312 months)
Estimated maturity
August 27, 2050 (estimated, approval date plus term)
Estimated monthly payment
$38,649 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Alameda County, CA
SBA district office
San Francisco District Office
Congressional district
CA-15
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
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 California