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50 State Farm Pkwy Property Owner LLC

Birmingham, AL · Hotels (except Casino Hotels) and Motels · NAICS 721110

50 State Farm Pkwy Property Owner LLC is a hotel and motel business in Birmingham, Alabama, in the Hotels (except Casino Hotels) and Motels industry, and it operates as a Sonesta ES Suites franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $5 million, with a 300-month term, approved on September 19, 2025 through Bank of Hope.

SBA 7(a) loan, change of ownership, approved Sep 19, 2025

$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
8.5%, variable
Term
25 years (300 months)
Estimated maturity
September 19, 2050 (estimated, approval date plus term)
Estimated monthly payment
$40,261 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Sonesta ES Suites
Project location
Jefferson County, AL
SBA district office
Alabama District Office
Congressional district
AL-06
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 Alabama: $1,764,717.

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 Alabama