Main Street Registry

Days Inn of Reynoldsburg

Reynoldsburg, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Days Inn of Reynoldsburg is a hotel, motel and related lodging business located in Reynoldsburg, Ohio, classified under NAICS code 721110 for hotels (except casino hotels) and motels, and it operates as a Days Inn / Days Inn by Wyndham franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $5,000,000, approved on January 7, 2025 by Centerstone SBA Lending, Inc., with 16 jobs reported.

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

$5,000,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (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
8.75%, variable
Term
25 years (300 months)
Estimated maturity
January 7, 2050 (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
Feb 7, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Days Inn / Days Inn by Wyndham
Project location
Franklin County, OH
SBA district office
Columbus District Office
Congressional district
OH-03
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 Ohio: $1,840,340.

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 Ohio