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Stay Suites Richmond, LLC

Richmond Hill, GA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Stay Suites Richmond, LLC, located in Richmond Hill, Georgia, operates in the hotels and motels industry (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,444,000, approved by American Bank with an approval date of July 20, 2026.

SBA 7(a) loan, change of ownership, approved Jul 20, 2026

$3,444,000 approvedLender: American Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,444,000
SBA-guaranteed amount
$2,583,000 (75% of the approval)
Lender
American Bank, Covington, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
July 20, 2051 (estimated, approval date plus term)
Estimated monthly payment
$28,315 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 28, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Bryan County, GA
SBA district office
Georgia District Office
Congressional district
GA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 54% 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 Georgia: $2,017,638.

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 Georgia