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Mahakal Hospitality LLC

Deming, NM · Hotels (except Casino Hotels) and Motels · NAICS 721110

Mahakal Hospitality LLC is a hotel and motel business located in Deming, New Mexico, in the Hotels (except Casino Hotels) and Motels industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,000,000, approved on May 21, 2024, through PCB Bank. The loan was reported with 25 jobs.

SBA 7(a) loan, change of ownership, approved May 21, 2024

$1,000,000 approvedLender: PCB Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
PCB Bank, Los Angeles, CA
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 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,911 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 7, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Luna County, NM
SBA district office
New Mexico District Office
Congressional district
NM-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 5% 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 New Mexico: $1,985,089.

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 New Mexico