Main Street Registry

Comfort Inn Fayetteville West Near Fort Liberty

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

Comfort Inn Fayetteville West Near Fort Liberty is a hotel in Fayetteville, North Carolina, in the Hotels (except Casino Hotels) and Motels industry. The business was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on October 19, 2024 by GBank.

SBA 7(a) loan, change of ownership, approved Oct 19, 2024

$5,000,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
October 19, 2049 (estimated, approval date plus term)
Estimated monthly payment
$41,107 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Inn, Comfort Inn & Suites & Comfort Suites
Project location
Cumberland County, NC
SBA district office
North Carolina District Office
Congressional district
NC-08
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 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