Main Street Registry

LC Hospitality Group LLC

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

LC Hospitality Group LLC, located in Greenville, SC, 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 $5 million, approved through GBank with a December 21, 2023 date and a 300-month term. The loan supports 17 jobs and the business is associated with a franchise agreement with Best Western.

SBA 7(a) loan, change of ownership, approved Dec 21, 2023

$5,000,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (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
December 21, 2048 (estimated, approval date plus term)
Estimated monthly payment
$43,685 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 28, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Greenville County, SC
SBA district office
South Carolina District Office
Congressional district
SC-04
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 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