Main Street Registry

Tifton Hotel LLC

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

Tifton Hotel LLC is a hotel and motel business in Tifton, Georgia, operating under the Motel 6 franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $3.8 million, approved by GBank on October 27, 2023, and the loan is reported with 11 jobs.

SBA 7(a) loan, change of ownership, approved Oct 27, 2023

$3,800,000 approvedLender: GBank25 years termPaid in fullLoan details
Gross approval
$3,800,000
SBA-guaranteed amount
$2,850,000 (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
October 27, 2048 (estimated, approval date plus term)
Estimated monthly payment
$32,543 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 20, 2023
Loan status
Paid in full
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Motel 6
Project location
Tift County, GA
SBA district office
Georgia District Office
Congressional district
GA-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 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