Main Street Registry

Days Inn

Johnson Creek, WI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Days Inn in Johnson Creek, WI, operates in the hotels (except casino hotels) and motels industry. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,679,000, approved on October 14, 2023, through Centerstone SBA Lending, Inc.

SBA 7(a) loan, change of ownership, approved Oct 14, 2023

$2,679,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,679,000
SBA-guaranteed amount
$2,009,250 (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
10%, variable
Term
25 years (300 months)
Estimated maturity
October 14, 2048 (estimated, approval date plus term)
Estimated monthly payment
$24,344 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Jefferson County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 41% 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 Wisconsin: $1,729,230.

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 Wisconsin