Main Street Registry

Red Roof Inn

Washington, PA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Red Roof Inn in Washington, PA operates in the hotels and motels industry (NAICS 721110). The business was financed with an SBA 7(a) loan for a change of ownership of $2,925,000, approved on September 18, 2024 by First Western SBLC, LLC d/b/a Peachtree Group. The loan is associated with a franchise brand and reports 13 jobs.

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

$2,925,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,925,000
SBA-guaranteed amount
$2,193,750 (75% of the approval)
Lender
First Western SBLC, LLC d/b/a Peachtree Group, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
September 18, 2049 (estimated, approval date plus term)
Estimated monthly payment
$25,556 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Red Roof Inn
Project location
Washington County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 46% 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 Pennsylvania: $1,636,965.

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 Pennsylvania