Main Street Registry

Dm Brothers LLC

Spartanburg, SC · Hotels (except Casino Hotels) and Motels · NAICS 721110

DM Brothers LLC is a hotel and motel business in Spartanburg, South Carolina, operating under the Red Roof Inn franchise. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4.2 million, approved by GBank on April 30, 2025.

SBA 7(a) loan, change of ownership, approved Apr 30, 2025

Gross approval
$4,222,000
SBA-guaranteed amount
$3,166,500 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
April 30, 2050 (estimated, approval date plus term)
Estimated monthly payment
$33,997 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Red Roof Inn
Project location
Spartanburg County, SC
SBA district office
South Carolina District Office
Congressional district
SC-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 South Carolina