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Shri Hari Sumter Mgmt LLC

Sumter, SC · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shri Hari Sumter Mgmt LLC is a hotel and motel business located in Sumter, South Carolina, classified under the industry description 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 $2,735,000, approved on September 6, 2024, by Centerstone SBA Lending, Inc.

SBA 7(a) loan, change of ownership, approved Sep 6, 2024

$2,735,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,735,000
SBA-guaranteed amount
$2,051,250 (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
9.5%, variable
Term
25 years (300 months)
Estimated maturity
September 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$23,896 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 24, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Sumter County, SC
SBA district office
South Carolina District Office
Congressional district
SC-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 42% 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 South Carolina: $1,827,509.

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 South Carolina