Main Street Registry

Siya Ram Hotels Inc.

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

Siya Ram Hotels Inc. is located in Selma, NC, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $2,880,000 for a change of ownership on February 21, 2025.

SBA 7(a) loan, change of ownership, approved Feb 21, 2025

Gross approval
$2,880,000
SBA-guaranteed amount
$2,160,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
February 21, 2050 (estimated, approval date plus term)
Estimated monthly payment
$23,191 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
La Quinta by Wyndham / La Quinta Inn & Suites
Project location
Johnston County, NC
SBA district office
North Carolina District Office
Congressional district
NC-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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