Main Street Registry

Travelodge By Wyndham Thomasville

Thomasville, AL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Travelodge By Wyndham Thomasville is a hotel and motel business in Thomasville, Alabama, in the Hotels (except Casino Hotels) and Motels industry. The business was financed with an SBA 7(a) loan for a change of ownership, approved on November 13, 2024 by lender GBank for $1.18 million, and the loan is linked to the Travelodge by Wyndham franchise.

SBA 7(a) loan, change of ownership, approved Nov 13, 2024

$1,180,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,180,000
SBA-guaranteed amount
$885,000 (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
November 13, 2049 (estimated, approval date plus term)
Estimated monthly payment
$10,105 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Travelodge by Wyndham
Project location
Clarke County, AL
SBA district office
Alabama District Office
Congressional district
AL-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 7% 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 Alabama: $1,764,717.

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 Alabama