Main Street Registry

Next Gen Hospitality LLC

Earth City, MO · Hotels (except Casino Hotels) and Motels · NAICS 721110

Next Gen Hospitality LLC is a hotel and motel business located in Earth City, Missouri, classified under the industry Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $4.7 million, approved on March 26, 2025, through Shoreham Bank.

SBA 7(a) loan, change of ownership, approved Mar 26, 2025

$4,700,000 approvedLender: Shoreham Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,700,000
SBA-guaranteed amount
$3,525,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
March 26, 2050 (estimated, approval date plus term)
Estimated monthly payment
$37,846 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Saint Louis County, MO
SBA district office
St. Louis District Office
Congressional district
MO-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 73% 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 Missouri: $1,584,414.

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 Missouri