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Dhiya Hospitality Group LLC

Southgate, MI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Dhiya Hospitality Group LLC, located in Southgate, Michigan, operates in the hotels and motels industry (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $4,263,000, approved on August 13, 2024 through Shoreham Bank.

SBA 7(a) loan, change of ownership, approved Aug 13, 2024

$4,263,000 approvedLender: Shoreham Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,263,000
SBA-guaranteed amount
$3,197,250 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
August 13, 2049 (estimated, approval date plus term)
Estimated monthly payment
$36,508 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 67% 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 Michigan: $1,645,728.

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 Michigan