Main Street Registry

Shivaya LLC

Clinton, IA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shivaya LLC is located in Clinton, IA, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $1,960,000 for a change of ownership on December 28, 2023.

SBA 7(a) loan, change of ownership, approved Dec 28, 2023

Gross approval
$1,960,000
SBA-guaranteed amount
$1,470,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
December 28, 2048 (estimated, approval date plus term)
Estimated monthly payment
$17,124 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Clinton County, IA
SBA district office
Des Moines District Office
Congressional district
IA-02
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 Iowa