Main Street Registry

Omkaar Motel Group, Inc.

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

Omkaar Motel Group, Inc., located in Lake Park, 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 $2,401,000 from First Southern Bank, approved on June 18, 2025.

SBA 7(a) loan, change of ownership, approved Jun 18, 2025

$2,401,000 approvedLender: First Southern Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,401,000
SBA-guaranteed amount
$1,800,750 (75% of the approval)
Lender
First Southern Bank, Waycross, GA
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
June 18, 2050 (estimated, approval date plus term)
Estimated monthly payment
$20,977 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
OYO - Marketing and Operational Consulting Agreement
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