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Om Shree Shyam Hospitality, LLC

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

Om Shree Shyam Hospitality, LLC is a hotel and motel business located in Valdosta, Georgia, classified under the industry of 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 $2,464,000, approved on June 18, 2024, by lender GBank. The business is operated as a Baymont by Wyndham franchise and reported 9 jobs in connection with the loan.

SBA 7(a) loan, change of ownership, approved Jun 18, 2024

$2,464,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,464,000
SBA-guaranteed amount
$1,848,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
June 18, 2049 (estimated, approval date plus term)
Estimated monthly payment
$21,528 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Lowndes County, GA
SBA district office
Georgia District Office
Congressional district
GA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 34% 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