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Riddhi Siddhi Hospitality LLC

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

Riddhi Siddhi Hospitality LLC is a hotel and motel business in Thomasville, Georgia, 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 of $1,931,000, approved on March 14, 2024 by Hyperion Bank. The business operates as a Baymont by Wyndham / Baymont Inn & Suites franchise.

SBA 7(a) loan, change of ownership, approved Mar 14, 2024

$1,931,000 approvedLender: Hyperion Bank23 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,931,000
SBA-guaranteed amount
$1,448,250 (75% of the approval)
Lender
Hyperion Bank, Philadelphia, PA
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.25%, variable
Term
23 years (276 months)
Estimated maturity
March 14, 2047 (estimated, approval date plus term)
Estimated monthly payment
$18,238 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Baymont by Wyndham / Baymont Inn & Suites
Project location
Thomas County, GA
SBA district office
Georgia District Office
Congressional district
GA-02
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 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