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Sai Kriyash Hospitality, Inc.

Lebanon, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sai Kriyash Hospitality, Inc. is a hotel and motel business in Lebanon, Tennessee, classified under the industry Hotels (except Casino Hotels) and Motels. The company financed real estate or equipment through an SBA 504 loan of $2,066,000, with Happen Bank as the lender and Brightbridge, Inc. as the certified development company, approved on November 19, 2024.

SBA 504 loan, approved Nov 19, 2024

$2,066,000 SBA portionCDC: Brightbridge, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,066,000
Bank portion
$2,835,000
Estimated project size
$5,445,556 (estimated)
Estimated owner equity
$544,556 (estimated, about 10% of the project)
Bank lender
Happen Bank, Lehi, UT
CDC
Brightbridge, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
November 19, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Wilson County, TN
SBA district office
Tennessee District Office
Congressional district
TN-4
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 35% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in Tennessee: $2,402,643.

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 Tennessee