Main Street Registry

Meghdoot Hospitality LLC

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

Meghdoot Hospitality LLC is a hotel and motel business in Memphis, Tennessee, classified under the industry description Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership of $2,470,200, approved through Renasant Bank on February 4, 2025. The business operates under the Comfort Inn, Comfort Inn & Suites and Comfort Suites franchise brands and reports 11 jobs.

SBA 7(a) loan, change of ownership, approved Feb 4, 2025

$2,470,200 approvedLender: Renasant Bank302 months termStatus not reported (SBA exemption)Loan details
Gross approval
$2,470,200
SBA-guaranteed amount
$1,852,650 (75% of the approval)
Lender
Renasant Bank, Tupelo, MS
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years, 2 months (302 months)
Estimated maturity
April 4, 2050 (estimated, approval date plus term)
Estimated monthly payment
$21,979 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 18, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Inn, Comfort Inn & Suites & Comfort Suites
Project location
Shelby County, TN
SBA district office
Tennessee District Office
Congressional district
TN-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 35% 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 Tennessee: $1,738,925.

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 Tennessee