Main Street Registry

Om Shradha Saburi Inc

Killeen, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Om Shradha Saburi Inc is a hotel and motel business in Killeen, Texas, classified under NAICS 721110 (Hotels, except Casino Hotels, and Motels), and it operates as a Travelodge by Wyndham franchise. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,949,000, approved by lender GBank on December 27, 2024.

SBA 7(a) loan, change of ownership, approved Dec 27, 2024

$1,949,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,949,000
SBA-guaranteed amount
$1,461,750 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
December 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,356 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 7, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Travelodge by Wyndham
Project location
Bell County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-31
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 23% 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 Texas: $1,944,682.

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 Texas