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Shreeji Vero Beach LLC

Vero Beach, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shreeji Vero Beach LLC is a hotel and motel business in Vero Beach, Florida, 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, in the amount of $5 million, approved by Open Bank on March 31, 2026.

SBA 7(a) loan, change of ownership, approved Mar 31, 2026

$5,000,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Open Bank, 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
March 31, 2051 (estimated, approval date plus term)
Estimated monthly payment
$39,423 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 19, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
38
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Indian River County, FL
SBA district office
South Florida District Office
Congressional district
FL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Florida: $1,808,559.

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 Florida