Main Street Registry

BW Woodhaven Partners LLC

Woodhaven, MI · Hotels (except Casino Hotels) and Motels · NAICS 721110

BW Woodhaven Partners LLC is a hotel business in Woodhaven, Michigan, classified under the industry of hotels (except casino hotels) and motels, and it operates as a Best Western franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $3,000,000, approved on September 28, 2026 through Shoreham Bank.

SBA 7(a) loan, change of ownership, approved Sep 28, 2026

$3,000,000 approvedLender: Shoreham Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$3,000,000
SBA-guaranteed amount
$2,250,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
September 28, 2051 (estimated, approval date plus term)
Estimated monthly payment
$22,660 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
21
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 47% 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 Michigan: $1,645,728.

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 Michigan