Main Street Registry

Airport Pkwy Hospitality LLC

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

Airport Pkwy Hospitality LLC, located in Kingsport, Tennessee, operates in the hotels and motels industry (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership, with $2.92 million approved through Metro City Bank on March 20, 2025.

SBA 7(a) loan, change of ownership, approved Mar 20, 2025

$2,920,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,920,000
SBA-guaranteed amount
$2,190,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7%, fixed
Term
25 years (300 months)
Estimated maturity
March 20, 2050 (estimated, approval date plus term)
Estimated monthly payment
$20,638 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
La Quinta by Wyndham / La Quinta Inn & Suites
Project location
Sullivan County, TN
SBA district office
Tennessee District Office
Congressional district
TN-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 46% 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 Tennessee: $1,738,925.

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