Shiva Lodging LLC
Shiva Lodging LLC is located in Phoenix, AZ, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $4,100,000 for a change of ownership on October 23, 2024.
SBA 7(a) loan, change of ownership, approved Oct 23, 2024
- Gross approval
- $4,100,000
- SBA-guaranteed amount
- $3,075,000 (75% of the approval)
- Lender
- Wallis Bank, Wallis, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 23, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $35,822 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- 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
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 63% 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 Arizona: $1,690,811.
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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