Main Street Registry

Shri Hotels, LLC

Florence, SC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shri Hotels, LLC is located in Florence, SC, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $1,725,000 for a change of ownership on June 23, 2025.

SBA 7(a) loan, change of ownership, approved Jun 23, 2025

Gross approval
$1,725,000
SBA-guaranteed amount
$1,293,750 (75% of the approval)
Lender
Bank of Oak Ridge, Oak Ridge, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.15%, variable
Term
25 years, 6 months (306 months)
Estimated maturity
December 23, 2050 (estimated, approval date plus term)
Estimated monthly payment
$14,580 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 18, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Rodeway Inn by Choice Hotels/Rodeway Inn & Suites by Choice Hotels
Project location
Florence County, SC
SBA district office
South Carolina District Office
Congressional district
SC-07
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 South Carolina