Main Street Registry

1335 Hotels LLC

Memphis, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

1335 Hotels LLC is a hotel business in Memphis, Tennessee, classified under the industry Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,850,000 from American Bank, with approval dated July 8, 2026.

SBA 7(a) loan, change of ownership, approved Jul 8, 2026

Gross approval
$1,850,000
SBA-guaranteed amount
$1,387,500 (75% of the approval)
Lender
American Bank, Covington, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
July 8, 2051 (estimated, approval date plus term)
Estimated monthly payment
$15,210 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 10, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Shelby County, TN
SBA district office
Tennessee District Office
Congressional district
TN-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Tennessee