Main Street Registry

Lynssa & Sorome, LLC

Hays, KS · Hotels (except Casino Hotels) and Motels · NAICS 721110

Lynssa & Sorome, LLC is a hotel business in Hays, Kansas, in the Hotels (except Casino Hotels) and Motels industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.9 million, approved on May 9, 2024, through Truliant FCU, and the business operates as a Days Inn / Days Inn by Wyndham franchise.

SBA 7(a) loan, change of ownership, approved May 9, 2024

$2,900,000 approvedLender: Truliant FCU25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,900,000
SBA-guaranteed amount
$2,175,000 (75% of the approval)
Lender
Truliant FCU, Winston-Salem, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
May 9, 2049 (estimated, approval date plus term)
Estimated monthly payment
$25,843 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Days Inn / Days Inn by Wyndham
Project location
Ellis County, KS
SBA district office
Wichita District Office
Congressional district
KS-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 45% 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 Kansas: $1,491,022.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Kansas