Main Street Registry

Rodeway Inn Elko Downtown Area

Elko, NV · Hotels (except Casino Hotels) and Motels · NAICS 721110

Rodeway Inn Elko Downtown Area is a hotel and motel business in Elko, Nevada, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). It operates as a Rodeway Inn franchise, and its SBA loan was approved on September 19, 2025. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,027,000, made through First Western SBLC, LLC d/b/a Peachtree Group.

SBA 7(a) loan, change of ownership, approved Sep 19, 2025

$1,027,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,027,000
SBA-guaranteed amount
$770,250 (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
8.5%, variable
Term
25 years (300 months)
Estimated maturity
September 19, 2050 (estimated, approval date plus term)
Estimated monthly payment
$8,270 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Rodeway Inn by Choice Hotels/Rodeway Inn & Suites by Choice Hotels
Project location
Elko County, NV
SBA district office
Nevada District Office
Congressional district
NV-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 6% 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 Nevada: $1,617,910.

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 Nevada