Main Street Registry

Maa Gretna Investments LLC

Gretna, LA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Maa Gretna Investments LLC, located in Gretna, Louisiana, operates in the hotels (except casino hotels) and motels industry, NAICS code 721110. The company was financed with an SBA 7(a) loan for a change of ownership of $2.75 million, approved on December 9, 2023 through Everwise Credit Union, and the business reports 50 jobs and a franchise affiliation with La Quinta by Wyndham / La Quinta Inn & Suites.

SBA 7(a) loan, change of ownership, approved Dec 9, 2023

$2,750,000 approvedLender: Everwise Credit Union271 months termStatus not reported (SBA exemption)Loan details
Gross approval
$2,750,000
SBA-guaranteed amount
$2,062,500 (75% of the approval)
Lender
Everwise Credit Union, South Bend, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.5%, variable
Term
22 years, 7 months (271 months)
Estimated maturity
July 9, 2046 (estimated, approval date plus term)
Estimated monthly payment
$28,504 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 13, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
50
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
La Quinta by Wyndham / La Quinta Inn & Suites
Project location
Jefferson County, LA
SBA district office
Louisiana District Office
Congressional district
LA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 43% 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 Louisiana: $1,702,056.

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 Louisiana