Main Street Registry

T&N Brothers Inc

Manson, WA · Hotels (except Casino Hotels) and Motels · NAICS 721110

T&N Brothers Inc, located in Manson, WA, operates in the hotels and motels industry (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership of $3,870,000, approved on May 6, 2025, through Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved May 6, 2025

$3,870,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,870,000
SBA-guaranteed amount
$2,902,500 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
May 6, 2050 (estimated, approval date plus term)
Estimated monthly payment
$32,477 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Chelan County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 60% 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 Washington: $1,784,595.

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 Washington