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Krishna Hospitality LLC

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

Krishna Hospitality LLC, located in Ashland, Ohio, operates in the hotels and motels industry (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership of $2,985,000, approved on March 13, 2026, through lender GBank, and the loan reports 23 jobs and a franchise affiliation with Quality Inn and Quality Inn & Suites.

SBA 7(a) loan, change of ownership, approved Mar 13, 2026

$2,985,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,985,000
SBA-guaranteed amount
$2,238,750 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
March 13, 2051 (estimated, approval date plus term)
Estimated monthly payment
$23,039 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 25, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Ashland County, OH
SBA district office
Columbus District Office
Congressional district
OH-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 47% 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