Summit Stay Group LLC
Summit Stay Group LLC is located in Spring, TX, and the SBA lists its industry as Office Administrative Services. It was approved for an SBA 7(a) loan of $2,871,500 for a change of ownership on July 1, 2026.
SBA 7(a) loan, change of ownership, approved Jul 1, 2026
- Gross approval
- $2,871,500
- SBA-guaranteed amount
- $2,153,625 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.49%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 1, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $35,587 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 561110, Office Administrative Services
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Office Administrative Services: $2,895,500.
- Average acquisition loan in Texas: $1,944,682.
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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