Main Street Registry

Clarion Pointe West Ashley

Charleston, SC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Clarion Pointe West Ashley in Charleston, SC operates in the hotels and motels industry (NAICS 721110) and is a franchised property under the Clarion Pointe by Choice Hotels brand. The company was financed with an SBA 7(a) loan for a change of ownership of $4,916,000, approved by GBank on September 14, 2024.

SBA 7(a) loan, change of ownership, approved Sep 14, 2024

$4,916,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,916,000
SBA-guaranteed amount
$3,687,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
September 14, 2049 (estimated, approval date plus term)
Estimated monthly payment
$42,951 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 4, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Clarion Inn by Choice Hotels/Clarion Inn & Suites by Choice Hotels/Clarion Pointe by Choice Hotels
Project location
Charleston County, SC
SBA district office
South Carolina District Office
Congressional district
SC-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 75% 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 South Carolina: $1,827,509.

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 South Carolina