The Watford
The Watford is located in Watford City, ND, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $1,947,000 for a change of ownership on April 5, 2026.
SBA 7(a) loan, change of ownership, approved Apr 5, 2026
- Gross approval
- $1,947,000
- SBA-guaranteed amount
- $1,460,250 (75% of the approval)
- Lender
- Centerstone SBA Lending, Inc., Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 5, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $15,027 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 10, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Mckenzie County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% 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 North Dakota: $1,899,142.
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 North Dakota
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- Baymont By Wyndham Jamestown, Jamestown