Southern Hospitality Enterprises LLC
Southern Hospitality Enterprises LLC, located in Knoxville, Tennessee, operates in the coin-operated laundries and drycleaners industry. The company was financed with an SBA 7(a) loan for a change of ownership, approved in August 2026 for $2.4 million through First Financial Bank.
SBA 7(a) loan, change of ownership, approved Aug 24, 2026
$2,444,000 approvedLender: First Financial Bank13 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,444,000
- SBA-guaranteed amount
- $1,833,000 (75% of the approval)
- Lender
- First Financial Bank, El Dorado, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- August 24, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $25,935 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Knox County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Coin-Operated Laundries and Drycleaners on this site.
- Average acquisition loan in Coin-Operated Laundries and Drycleaners: $1,337,074.
- Average acquisition loan in Tennessee: $1,738,925.
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 Tennessee
- All Things Enterprises Inc., Columbia
- Blaine Holdings LLC, Clarksville