SBA lending record
Shankara LLC
1016 N MARTIN LUTHER KING HWY, Lake Charles, LA 70601 · 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.
$4.2M
Total SBA financing
1
Loan on record
FY2023
On record
8
Jobs supported
Franchise brand
Comfort Suites by Choice Hotels
See Comfort Suites by Choice Hotels'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
Is Shankara LLC your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
The loan
$4,190,000 — FY2023
- Gross approval
- $4,190,000
- SBA guaranteed
- $3,142,500 (75%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 9.5% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 9/21/2023
- First disbursement
- 12/8/2023
- Days to fund
- 78 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
First Western SBLC, Inc
1 loan to this businessAgent summary
This page summarizes the public SBA 7(a) lending record for Shankara LLC in Lake Charles, LA (Hotels (except Casino Hotels) and Motels). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $4.2M
- On record FY2023
- 8 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Lake Charles, LA
- Lender: First Western SBLC, Inc
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is Shankara LLC your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
Researching a business like this one?
The numbers above are what a deal of this size and type actually looked like. Tell us what you're buying and we'll point you to the lenders most likely to fund it.
Free · No documents · Usually same-day
DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Shankara LLC.