Bennington Motor Inn
Bennington Motor Inn is a hotel and motel business in Bennington, Vermont, 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 totaling $1,102,500, approved on March 10, 2025 by Mission Valley Bank.
SBA 7(a) loan, change of ownership, approved Mar 10, 2025
$1,102,500 approvedLender: Mission Valley Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,102,500
- SBA-guaranteed amount
- $826,875 (75% of the approval)
- Lender
- Mission Valley Bank, Sun Valley, 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
- March 10, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $9,064 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Bennington County, VT
- SBA district office
- Vermont District Office
- Congressional district
- VT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 7% 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 Vermont: $1,727,847.
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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