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St. Stephen Hospitality LLC

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

St. Stephen Hospitality LLC is a hotel, motel, and related lodging business in Saint Stephen, South Carolina, operating as an Econo Lodge franchise. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,391,000, approved on December 11, 2024 by GBank.

SBA 7(a) loan, change of ownership, approved Dec 11, 2024

$1,391,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,391,000
SBA-guaranteed amount
$1,043,250 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
December 11, 2049 (estimated, approval date plus term)
Estimated monthly payment
$11,912 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels
Project location
Berkeley County, SC
SBA district office
South Carolina District Office
Congressional district
SC-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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