Main Street Registry

Econo Lodge Fort Knox Radcliff

Radcliff, KY · Hotels (except Casino Hotels) and Motels · NAICS 721110

Econo Lodge Fort Knox Radcliff is a hotel and motel business in Radcliff, Kentucky, classified under the NAICS industry for hotels (except casino hotels) and motels. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,537,000, approved on November 4, 2024 by Centerstone SBA Lending, Inc. The loan is reported with 11 jobs and a franchise affiliation with Econo Lodge by Choice Hotels.

SBA 7(a) loan, change of ownership, approved Nov 4, 2024

$2,537,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,537,000
SBA-guaranteed amount
$1,902,750 (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
9.25%, variable
Term
25 years (300 months)
Estimated maturity
November 4, 2049 (estimated, approval date plus term)
Estimated monthly payment
$21,726 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels
Project location
Hardin County, KY
SBA district office
Kentucky District Office
Congressional district
KY-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 37% 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 Kentucky: $1,988,993.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Kentucky