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Kesari Nandan LLC

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

Kesari Nandan LLC is a hotel and motel business in Hardeeville, South Carolina, in the Hotels (except Casino Hotels) and Motels industry. It was financed with an SBA 7(a) loan for a change of ownership totaling $4.1 million, approved on August 28, 2024, through GBank.

SBA 7(a) loan, change of ownership, approved Aug 28, 2024

$4,100,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,100,000
SBA-guaranteed amount
$3,075,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
August 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$35,822 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 7, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Jasper County, SC
SBA district office
South Carolina District Office
Congressional district
SC-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 63% 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 South Carolina: $1,827,509.

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