USA Motel
USA Motel is a hotel and motel business in Pueblo, Colorado, classified under the Hotels (except Casino Hotels) and Motels industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,593,000, approved on December 19, 2024 through Open Bank.
SBA 7(a) loan, change of ownership, approved Dec 19, 2024
$1,593,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,593,000
- SBA-guaranteed amount
- $1,194,750 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $13,368 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Pueblo County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 14% 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 Colorado: $1,608,658.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Colorado
- HomeTowne Studios Denver - Lakewood, Lakewood
- Latigo Lane Property Management, Inc., CaƱon City
- Home Towne Studio Aurora, Aurora
- Microtel Inn & Suites by Wyndham Pueblo, Pueblo
- Anand Holdings LLC, Denver
- Home Towne Studio Glendale, Glendale
- Travelodge Denver Golden, Golden
- Quadrant Longmont LLC, Longmont