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Sherwood Motel, Havelock, NC 28532

Havelock, NC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sherwood Motel, located in Havelock, North Carolina, operates in the hotels and motels industry as classified under NAICS code 721110. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,315,000, approved by Centerstone SBA Lending, Inc. on February 23, 2026.

SBA 7(a) loan, change of ownership, approved Feb 23, 2026

$1,315,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,315,000
SBA-guaranteed amount
$986,250 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
February 23, 2051 (estimated, approval date plus term)
Estimated monthly payment
$10,368 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 26, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Craven County, NC
SBA district office
North Carolina District Office
Congressional district
NC-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 9% 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 North Carolina: $1,952,444.

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 North Carolina