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Schroyer Hospitality LLC

Martinsburg, WV · Hotels (except Casino Hotels) and Motels · NAICS 721110

Schroyer Hospitality LLC, located in Martinsburg, WV, operates in the hotels and motels industry (NAICS 721110, excluding casino hotels). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $4,824,000, approved on December 23, 2024, by FDIC - Community Bank & Trust-West Georgia.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

$4,824,000 approvedLender: FDIC - Community Bank & Trust-West Georgia25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,824,000
SBA-guaranteed amount
$3,618,000 (75% of the approval)
Lender
FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
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 23, 2049 (estimated, approval date plus term)
Estimated monthly payment
$44,689 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 22, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Berkeley County, WV
SBA district office
West Virginia District Office
Congressional district
WV-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 74% 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 West Virginia: $2,753,191.

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 West Virginia