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Sansel Hospitality LLC

Milan, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sansel Hospitality LLC is a hotel and motel business located in Milan, Ohio, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The company was financed with an SBA 7(a) loan for a change of ownership of $3.5 million from PromiseOne Bank, with an approval date of June 12, 2026, and the business is listed as a Motel 6 franchise.

SBA 7(a) loan, change of ownership, approved Jun 12, 2026

$3,500,000 approvedLender: PromiseOne Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$3,500,000
SBA-guaranteed amount
$2,625,000 (75% of the approval)
Lender
PromiseOne Bank, Duluth, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
June 12, 2051 (estimated, approval date plus term)
Estimated monthly payment
$28,183 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
19
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Motel 6
Project location
Erie County, OH
SBA district office
Columbus District Office
Congressional district
OH-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 56% 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 Ohio: $1,840,340.

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 Ohio