Main Street Registry

Americas Best Value Inn

Pasadena, CA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Americas Best Value Inn is a hotel and motel business located in Pasadena, California, classified under NAICS code 721110 for hotels except casino hotels and motels. The business was financed with an SBA 7(a) loan for a change of ownership, with $2 million approved on December 23, 2024, through Open Bank.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

$2,000,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,000,000
SBA-guaranteed amount
$1,500,000 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
December 23, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,443 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-27
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 25% 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 California: $1,688,228.

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 California