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Vigneshwaran Hospitality, LLC

Hampton, VA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Vigneshwaran Hospitality, LLC is a hotel and motel business in Hampton, Virginia, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company is a Rodeway Inn franchise and was financed with an SBA 7(a) loan for a change of ownership of $2 million, approved on August 7, 2026 by Commonwealth Business Bank.

SBA 7(a) loan, change of ownership, approved Aug 7, 2026

$2,000,000 approvedLender: Commonwealth Business Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,000,000
SBA-guaranteed amount
$1,500,000 (75% of the approval)
Lender
Commonwealth Business Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
August 7, 2051 (estimated, approval date plus term)
Estimated monthly payment
$15,769 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 21, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
20
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
Hampton City County, VA
SBA district office
Richmond District Office
Congressional district
VA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 25% 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 Virginia: $1,860,760.

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 Virginia