Main Street Registry

Microtel Inn & Suites by Wyndham Southern Pines

Southern Pines, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Microtel Inn & Suites by Wyndham Southern Pines is a hotel and motel business in Southern Pines, North Carolina, operating under a Wyndham franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $5,000,000, approved on May 12, 2025 by United FCU.

SBA 7(a) loan, change of ownership, approved May 12, 2025

$5,000,000 approvedLender: United FCU25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
United FCU, Saint Joseph, MI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
May 12, 2050 (estimated, approval date plus term)
Estimated monthly payment
$39,423 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Microtel Inn & Suites by Wyndham
Project location
Moore County, NC
SBA district office
North Carolina District Office
Congressional district
NC-09
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 North Carolina: $1,952,444.

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 North Carolina