Main Street Registry

Sleep Inn & Suites Belmont

Belmont, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sleep Inn & Suites Belmont is a hotel business in Belmont, OH, classified under the NAICS industry for hotels (except casino hotels) and motels. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2.4 million approved by US Metro Bank on July 2, 2026, and the loan term is 300 months.

SBA 7(a) loan, change of ownership, approved Jul 2, 2026

$2,400,000 approvedLender: US Metro Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,400,000
SBA-guaranteed amount
$1,800,000 (75% of the approval)
Lender
US Metro Bank, Garden Grove, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
July 2, 2051 (estimated, approval date plus term)
Estimated monthly payment
$18,128 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hotels
Project location
Belmont County, OH
SBA district office
Columbus District Office
Congressional district
OH-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 33% 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 Ohio: $1,840,340.

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 Ohio