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Nash Hospitality Helen Georgia LLC

Helen, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Nash Hospitality Helen Georgia LLC, located in Helen, Georgia, operates in the hotels and motels industry (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership of $2.5 million, approved on February 16, 2024 by PromiseOne Bank. The business is a franchise operating under the Quality Inn and Quality Inn & Suites names.

SBA 7(a) loan, change of ownership, approved Feb 16, 2024

$2,500,000 approvedLender: PromiseOne Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,500,000
SBA-guaranteed amount
$1,875,000 (75% of the approval)
Lender
PromiseOne Bank, Duluth, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, fixed
Term
25 years (300 months)
Estimated maturity
February 16, 2049 (estimated, approval date plus term)
Estimated monthly payment
$19,295 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
White County, GA
SBA district office
Georgia District Office
Congressional district
GA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 36% 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 Georgia: $2,017,638.

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 Georgia