Main Street Registry

Sky Hotels LLC

Middletown, PA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sky Hotels LLC is a hotel business in Middletown, PA, in the industry of hotels (except casino hotels) and motels, and it operates as a franchise. The company was financed with an SBA 7(a) loan for a change of ownership, approved on October 16, 2023, in the amount of $930,000 from lender GBank.

SBA 7(a) loan, change of ownership, approved Oct 16, 2023

Gross approval
$930,000
SBA-guaranteed amount
$697,500 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
October 16, 2048 (estimated, approval date plus term)
Estimated monthly payment
$8,451 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 26, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Rodeway Inn by Choice Hotels/Rodeway Inn & Suites by Choice Hotels
Project location
Dauphin County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-10
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 Pennsylvania