Main Street Registry

Shiv Shakti LLC

Terre Haute, IN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shiv Shakti LLC, located in Terre Haute, Indiana, operates in the hotels (except casino hotels) and motels industry and is a Super 8 by Wyndhan franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $3,788,000, approved on August 9, 2024, with GBank as the lender.

SBA 7(a) loan, change of ownership, approved Aug 9, 2024

$3,788,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,788,000
SBA-guaranteed amount
$2,841,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
August 9, 2049 (estimated, approval date plus term)
Estimated monthly payment
$33,756 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Super 8 by Wyndhan / Super 8
Project location
Vigo County, IN
SBA district office
Indiana District Office
Congressional district
IN-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 60% 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 Indiana: $1,995,900.

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 Indiana