Main Street Registry

Super 8 by Wyndham Palestine TX

Palestine, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Super 8 by Wyndham Palestine TX is a hotel and motel business in Palestine, Texas, classified under the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership of $2,379,000, approved by Centerstone SBA Lending, Inc. on October 3, 2024.

SBA 7(a) loan, change of ownership, approved Oct 3, 2024

$2,379,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,379,000
SBA-guaranteed amount
$1,784,250 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
October 3, 2049 (estimated, approval date plus term)
Estimated monthly payment
$20,373 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 6, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Anderson County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-05
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 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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Same industry in Texas