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Mahant Hospitality, LLC

Kimball, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Mahant Hospitality, LLC, located in Kimball, Tennessee, operates in the hotels and motels industry (NAICS 721110) and is a franchised Holiday Inn Express/Holiday Inn Express & Suites location. The company financed real estate or equipment through an SBA 504 loan of $2,863,000, approved on June 10, 2024, through SmartBank with Brightbridge, Inc. as the certified development company.

SBA 504 loan, approved Jun 10, 2024

$2,863,000 SBA portionCDC: Brightbridge, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,863,000
Bank portion
$4,100,000
Estimated project size
$7,736,667 (estimated)
Estimated owner equity
$773,667 (estimated, about 10% of the project)
Bank lender
SmartBank, Pigeon Forge, TN
CDC
Brightbridge, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
June 10, 2049 (estimated, approval date plus term)
First disbursement
Aug 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Marion County, TN
SBA district office
Tennessee District Office
Congressional district
TN-4
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 56% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in Tennessee: $2,402,643.

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 Tennessee