Sai Bismarck Lodging LLC
Sai Bismarck Lodging LLC is located in Bismarck, ND, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $2,864,000 for a change of ownership on August 27, 2025.
SBA 7(a) loan, change of ownership, approved Aug 27, 2025
- Gross approval
- $2,864,000
- SBA-guaranteed amount
- $2,148,000 (75% of the approval)
- Lender
- Bank of Hope, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 27, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $23,062 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Country Inn and Suites by Radisson
- Project location
- Burleigh County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 44% 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 Dakota: $1,899,142.
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 Dakota
- The Watford, Watford City
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- Country Inn and Suites and Dakota Inn Hospitality Minot, Minot
- Baymont By Wyndham Jamestown, Jamestown