Main Street Registry

Budget Inn

Greensboro, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Budget Inn is a hotel and motel business located in Greensboro, North Carolina, 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 $1,785,000, approved on February 25, 2026, by lender Centerstone SBA Lending, Inc.

SBA 7(a) loan, change of ownership, approved Feb 25, 2026

$1,785,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,785,000
SBA-guaranteed amount
$1,338,750 (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
8.25%, variable
Term
25 years (300 months)
Estimated maturity
February 25, 2051 (estimated, approval date plus term)
Estimated monthly payment
$14,074 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 6, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Guilford County, NC
SBA district office
North Carolina District Office
Congressional district
NC-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 19% 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 North Carolina: $1,952,444.

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 North Carolina