Main Street Registry

Shiva Hospitality LLC

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

Shiva Hospitality LLC, located in Gainesville, Georgia, operates in the hotels and motels industry and is a Super 8 by Wyndhan franchise. The business financed real estate or equipment through an SBA 504 loan of $1,186,000 approved on December 1, 2023, through Embassy National Bank with Capital Partners Certified Development Company. The loan supported one job.

SBA 504 loan, approved Dec 1, 2023

$1,186,000 SBA portionCDC: Capital Partners Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,186,000
Bank portion
$1,148,750
Estimated project size
$2,594,167 (estimated)
Estimated owner equity
$259,417 (estimated, about 10% of the project)
Bank lender
Embassy National Bank, Lawrenceville, GA
CDC
Capital Partners Certified Development Company
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
December 1, 2048 (estimated, approval date plus term)
First disbursement
Jan 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Super 8 by Wyndhan / Super 8
Project location
Hall County, GA
SBA district office
Georgia District Office
Congressional district
GA-9
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 7% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in Georgia: $2,201,121.

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