Main Street Registry

Alpharetta BlueBird LLC

Alpharetta, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Alpharetta BlueBird LLC is a hotel and motel business in Alpharetta, Georgia, classified under the industry description Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $4,018,000 from GBank, approved May 30, 2024. The loan is associated with the Spark by Hilton franchise and lists 16 jobs.

SBA 7(a) loan, change of ownership, approved May 30, 2024

$4,018,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,018,000
SBA-guaranteed amount
$3,013,500 (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
May 30, 2049 (estimated, approval date plus term)
Estimated monthly payment
$34,409 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Spark by Hilton
Project location
Fulton County, GA
SBA district office
Georgia District Office
Congressional district
GA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 62% 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 Georgia: $2,017,638.

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 Georgia