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Shir Hari Pitt Management, Inc.

Greenville, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shir Hari Pitt Management, Inc. is a hotel and motel business in Greenville, NC, in the hotels (except casino hotels) and motels industry. The company was financed with an SBA 7(a) loan for a change of ownership of $3,498,000, approved on September 25, 2026 by Bank of Oak Ridge. The business operates as a Baymont by Wyndham / Baymont Inn & Suites franchise.

SBA 7(a) loan, change of ownership, approved Sep 25, 2026

$3,498,000 approvedLender: Bank of Oak Ridge306 months termCommitted, not fully disbursedLoan details
Gross approval
$3,498,000
SBA-guaranteed amount
$2,623,500 (75% of the approval)
Lender
Bank of Oak Ridge, Oak Ridge, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years, 6 months (306 months)
Estimated maturity
March 25, 2052 (estimated, approval date plus term)
Estimated monthly payment
$26,253 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
14
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Pitt County, NC
SBA district office
North Carolina District Office
Congressional district
NC-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 56% 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 Carolina: $1,952,444.

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 Carolina