Main Street Registry

Shiv Sai Hotels LLC

Allen, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shiv Sai Hotels LLC is located in Allen, TX, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $2,760,000 for a change of ownership on May 5, 2025.

SBA 7(a) loan, change of ownership, approved May 5, 2025

Gross approval
$2,760,000
SBA-guaranteed amount
$2,070,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
May 5, 2050 (estimated, approval date plus term)
Estimated monthly payment
$21,761 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Collin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-03
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 Texas