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Wingate Suites Bridgeport Wv

Bridgeport, WV · Hotels (except Casino Hotels) and Motels · NAICS 721110

Wingate Suites Bridgeport Wv is a hotel and motel business in Bridgeport, WV, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The business was financed with an SBA 7(a) loan for a change of ownership of $1,558,000, approved by lender GBank on February 17, 2024, and it operates as a Wingate by Wyndham franchise.

SBA 7(a) loan, change of ownership, approved Feb 17, 2024

$1,558,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,558,000
SBA-guaranteed amount
$1,168,500 (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
February 17, 2049 (estimated, approval date plus term)
Estimated monthly payment
$13,342 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Wingate by Wyndham
Project location
Harrison County, WV
SBA district office
West Virginia District Office
Congressional district
WV-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 13% 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 West Virginia: $2,753,191.

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 West Virginia