Main Street Registry

MBES Hospitality LLC

Williamsburg, VA · Hotels (except Casino Hotels) and Motels · NAICS 721110

MBES Hospitality LLC is a hotel business in Williamsburg, Virginia, classified under NAICS 721110 for hotels (except casino hotels) and motels. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5 million approved on March 12, 2024, through the lender GBank. The loan records show the business operates as a Country Inn and Suites by Radisson franchise and reports 25 jobs.

SBA 7(a) loan, change of ownership, approved Mar 12, 2024

$5,000,000 approvedLender: GBank25 years termPaid in fullLoan 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
10%, variable
Term
25 years (300 months)
Estimated maturity
March 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$45,435 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 15, 2024
Loan status
Paid in full
Jobs supported
25
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Country Inn and Suites by Radisson
Project location
James City County, VA
SBA district office
Richmond District Office
Congressional district
VA-01
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 Virginia: $1,860,760.

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 Virginia