Main Street Registry

Super 8 Lavale MD

LaVale, MD · Hotels (except Casino Hotels) and Motels · NAICS 721110

Super 8 Lavale MD is a hotel and motel business in LaVale, Maryland, classified under the industry Hotels (except Casino Hotels) and Motels. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2,032,000 approved by GBank on November 22, 2024. The business operates as a franchise under the Super 8 by Wyndhan brand.

SBA 7(a) loan, change of ownership, approved Nov 22, 2024

$2,032,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,032,000
SBA-guaranteed amount
$1,524,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
November 22, 2049 (estimated, approval date plus term)
Estimated monthly payment
$17,402 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Super 8 by Wyndhan / Super 8
Project location
Allegany County, MD
SBA district office
Baltimore District Office
Congressional district
MD-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 26% 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 Maryland: $1,627,337.

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 Maryland