Main Street Registry

Cobblestone Hotel Harborcreek

Erie, PA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Cobblestone Hotel Harborcreek is a hotel located in Erie, Pennsylvania, classified under NAICS 721110 for hotels (except casino hotels) and motels. The business was financed with an SBA 7(a) loan for a change of ownership of $1,975,000, approved on July 16, 2025 by Centerstone SBA Lending, Inc. The loan is associated with the Cobblestone Inn & Suites and Cobblestone Hotel & Suites franchise and reports 6 jobs.

SBA 7(a) loan, change of ownership, approved Jul 16, 2025

$1,975,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,975,000
SBA-guaranteed amount
$1,481,250 (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
July 16, 2050 (estimated, approval date plus term)
Estimated monthly payment
$15,572 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Cobblestone Inn & Suites / Cobblestone Hotel & Suites
Project location
Erie County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 24% 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 Pennsylvania: $1,636,965.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Pennsylvania