Main Street Registry

Americinn By Wyndham Cedar Rapids

Cedar Rapids, IA · Hotels (except Casino Hotels) and Motels · NAICS 721110

AmericInn by Wyndham Cedar Rapids is a hotel and motel business in Cedar Rapids, Iowa, classified under NAICS 721110 (Hotels, except casino hotels, and motels). The business was financed with an SBA 7(a) loan for a change of ownership, approved on February 12, 2025, for $3,122,000 by lender GBank.

SBA 7(a) loan, change of ownership, approved Feb 12, 2025

$3,122,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,122,000
SBA-guaranteed amount
$2,341,500 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
February 12, 2050 (estimated, approval date plus term)
Estimated monthly payment
$25,667 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
AmericInn by Wyndham
Project location
Linn County, IA
SBA district office
Des Moines District Office
Congressional district
IA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 49% 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 Iowa: $1,701,244.

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 Iowa