Main Street Registry

Fairfield Inn & Suites Streetsboro

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

Fairfield Inn & Suites Streetsboro is a hotel in Streetsboro, Ohio, in the hotels (except casino hotels) and motels industry. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5 million approved on June 5, 2025, through First Western SBLC, LLC d/b/a Peachtree Group. The loan is associated with 21 jobs and a franchise listed as Fairfield by Marriott.

SBA 7(a) loan, change of ownership, approved Jun 5, 2025

$5,000,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
First Western SBLC, LLC d/b/a Peachtree Group, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
June 5, 2050 (estimated, approval date plus term)
Estimated monthly payment
$40,261 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott/Fairfield by Marriott Inn & Suites
Project location
Portage County, OH
SBA district office
Columbus District Office
Congressional district
OH-13
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