SBA lending record
Maingate East Development, Inc.
11317 Abercorn St., Savannah, GA 31419 · Hotels (except Casino Hotels) and Motels. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$5.0M
Total SBA financing
1
Loan on record
FY2022
On record
20
Jobs supported
Franchise brand
SpringHill Suites by Marriott
See SpringHill Suites by Marriott's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
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The loan
$5,000,000 — FY2022
- Gross approval
- $5,000,000
- SBA guaranteed
- $3,750,000 (75%)
- Status
- Paid in full
- Rate at approval
- 6% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/22/2022
- First disbursement
- 7/18/2022
- Days to fund
- 26 days
- Paid in full
- 2/29/2024
- Collateral
- Required
The lender
Legence Bank
1 loan to this businessIs Maingate East Development, Inc. your business?
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Maingate East Development, Inc..