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Shiv of Horn Lake Inc

Horn Lake, MS · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shiv of Horn Lake Inc is a hotel business in Horn Lake, Mississippi, operating in the hotels (except casino hotels) and motels industry, and it operates as a Sleep Inn franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $4.2 million, with American Bank as the lender and approval dated April 23, 2026.

SBA 7(a) loan, change of ownership, approved Apr 23, 2026

$4,237,000 approvedLender: American Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,237,000
SBA-guaranteed amount
$3,177,750 (75% of the approval)
Lender
American Bank, Covington, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
April 23, 2051 (estimated, approval date plus term)
Estimated monthly payment
$32,702 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 29, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hotels
Project location
Desoto County, MS
SBA district office
Mississippi District Office
Congressional district
MS-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 66% 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 Mississippi: $1,688,600.

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 Mississippi