Main Street Registry

Sangha Properties I LLC

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

Sangha Properties I LLC is a hotel and motel business in College Park, Georgia, in the Hotels (except Casino Hotels) and Motels industry, and it operates as a Sleep Inn franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $4,250,000, approved on December 3, 2024 by First Utah Bank, and the loan reports 12 jobs.

SBA 7(a) loan, change of ownership, approved Dec 3, 2024

$4,250,000 approvedLender: First Utah Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,250,000
SBA-guaranteed amount
$3,187,500 (75% of the approval)
Lender
First Utah Bank, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
December 3, 2049 (estimated, approval date plus term)
Estimated monthly payment
$39,371 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hotels
Project location
Fulton County, GA
SBA district office
Georgia District Office
Congressional district
GA-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 67% 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