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Jai Shri Ram, LLC

Pigeon Forge, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Jai Shri Ram, LLC is a hotel and motel business located in Pigeon Forge, Tennessee, in the Hotels (except Casino Hotels) and Motels industry. The company was financed with an SBA 7(a) loan for a change of ownership, approved by Global One Bank on December 4, 2024, for $5,000,000.

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

$5,000,000 approvedLender: Global One Bank25 years termPaid in fullLoan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Global One Bank, Houston, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
December 4, 2049 (estimated, approval date plus term)
Estimated monthly payment
$41,960 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 19, 2024
Loan status
Paid in full
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Inn, Comfort Inn & Suites & Comfort Suites
Project location
Sevier County, TN
SBA district office
Tennessee District Office
Congressional district
TN-01
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 Tennessee: $1,738,925.

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 Tennessee