Main Street Registry

Best Western

Montgomery, AL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Best Western is a hotels and motels business located in Montgomery, AL, in the NAICS category for 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 $5 million, approved by Centerstone SBA Lending, Inc. on May 15, 2024, and the loan is reported with 18 jobs.

SBA 7(a) loan, change of ownership, approved May 15, 2024

$5,000,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
May 15, 2049 (estimated, approval date plus term)
Estimated monthly payment
$47,209 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Montgomery County, AL
SBA district office
Alabama District Office
Congressional district
AL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Alabama: $1,764,717.

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 Alabama