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Yadvinder S. Virk & Rajbir Kaur Virk as trustees of The Yadvinder S. Virk & Rajbir K. Virk Trust 2022

Frisco, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Yadvinder S. Virk & Rajbir Kaur Virk as trustees of The Yadvinder S. Virk & Rajbir K. Virk Trust 2022 is a hotel and motel business in Frisco, TX, operating under the NAICS industry classification for hotels (except casino hotels) and motels. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $5,000,000, approved on January 12, 2026 by Bank of Hope.

SBA 7(a) loan, change of ownership, approved Jan 12, 2026

$5,000,000 approvedLender: Bank of Hope25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Bank of Hope, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
January 12, 2051 (estimated, approval date plus term)
Estimated monthly payment
$37,766 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Individual
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Suites by Choice Hotels
Project location
Denton County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Texas: $1,944,682.

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 Texas