Main Street Registry

Super 8 by Wyndham Hazen

Hazen, AR · Hotels (except Casino Hotels) and Motels · NAICS 721110

Super 8 by Wyndham Hazen is a hotel and motel business in Hazen, Arkansas, in the hotels and motels industry. The company was financed with an SBA 7(a) loan for a change of ownership, approved on February 6, 2024, for $1,510,200 from The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Feb 6, 2024

$1,510,200 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,510,200
SBA-guaranteed amount
$1,132,650 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
February 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$14,259 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Super 8 by Wyndhan / Super 8
Project location
Prairie County, AR
SBA district office
Arkansas District Office
Congressional district
AR-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 12% 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 Arkansas: $2,003,702.

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 Arkansas