SBA lending record

HS Developers LLC

5505 Brainerd Road, Chattanooga, TN 37411 · 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.

$6.8M

Total SBA financing

Loans on record

FY2020

On record

Jobs supported

Franchise brand

Motel 6

See Motel 6'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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All 2 loans

$3,244,000 — FY2020

Loan 1 of 2

Gross approval: $3,244,000
SBA guaranteed: $2,433,000 (75%)
Status: Paid in full
Rate at approval: 4.5% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 8/14/2020
First disbursement: 8/31/2020
Days to fund: 17 days
Paid in full: 8/31/2025
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 10
Business type: Corporation
Business age: Change of Ownership
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Franchise: Motel 6
Franchise code: S1133
Lender: New Millennium Bank
Address: 5505 Brainerd Road
City: Chattanooga, 37411
County: Hamilton
SBA district office: TENNESSEE DISTRICT OFFICE
Congressional district: 3

$3,579,000 — FY2020

Loan 2 of 2

Gross approval: $3,579,000
SBA guaranteed: $2,684,250 (75%)
Status: Cancelled
Rate at approval: 5.75% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/2/2020
Collateral: Required
Jobs supported: 24
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Franchise: Motel 6
Franchise code: S1133
Lender: New Millennium Bank
Address: 5505 BRAINERD RD
City: Chattanooga, 37411
County: Hamilton
SBA district office: TENNESSEE DISTRICT OFFICE
Congressional district: 3

The lender

New Millennium Bank

2 loans to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding hotels (except casino hotels) and motels — by location, industry, and brand.

SBA lenders in Tennessee Lenders for hotels (except casino hotels) and motels Hotels (except Casino Hotels) and Motels lenders in Tennessee Motel 6 lenders Motel 6 lenders in Tennessee

Other Motel 6 locations

Other Motel 6 businesses in the public SBA record — closest first, by location and deal size.

JP Kanisa LLC

Chattanooga, TN· ~4 mi

Motel 6

$1.8M
SBA financing: ≈ $3.5M–$5.9M
Est. revenue (rough)

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Radhasoami Smyrna LLC

Atlanta, GA· ~92 mi

Motel 6

$4.5M
SBA financing: ≈ $8.8M–$15M
Est. revenue (rough)

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OM MAHADEV LLC

Lexington, KY· ~216 mi

Motel 6

$5.5M
SBA financing: ≈ $11M–$18M
Est. revenue (rough)

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Motel 6 Louisville

Louisville, KY· ~221 mi

Motel 6

$4.5M
SBA financing: ≈ $8.9M–$15M
Est. revenue (rough)

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KESHAVJIVANDAS MOTEL LLC

Union City, GA· ~106 mi

Motel 6

$3.5M
SBA financing: ≈ $6.9M–$11M
Est. revenue (rough)

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Blue Door Hospitality LLC

Portland, TX· ~868 mi

Motel 6

$6.5M
SBA financing: ≈ $13M–$21M
Est. revenue (rough)

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Similar businesses

Comparable hotels (except casino hotels) and motels in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

CH HOSPITALITY, LLC

Chattanooga, TN· ~0 mi

Hotels (except Casino Hotels) and Motels

$4.3M
SBA financing: ≈ $8.4M–$14M
Est. revenue (rough)

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SONESTA SELECT CHATTANOOGA HAMILTON PLACE

Chattanooga, TN· ~4 mi

Sonesta Select

$4.8M
SBA financing: ≈ $9.5M–$16M
Est. revenue (rough)

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AP 88 LLC

Chattanooga, TN· ~4 mi

Baymont by Wyndham aka Baymont Inn & Suites

$4.5M
SBA financing: ≈ $8.9M–$15M
Est. revenue (rough)

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Best Life Hospitality LLC

Hixson, TN· ~8 mi

Holiday Inn/Holiday Inn & Suites/Holiday Inn Resort

$5.0M
SBA financing: ≈ $9.8M–$16M
Est. revenue (rough)

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OM NAMAH LLC

Chattanooga, TN· ~4 mi

Baymont by Wyndham aka Baymont Inn & Suites

$3.3M
SBA financing: ≈ $6.6M–$11M
Est. revenue (rough)

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The Whitfield Extended Stay

Dalton, GA· ~19 mi

Hotels (except Casino Hotels) and Motels

$4.8M
SBA financing: ≈ $9.5M–$16M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for HS Developers LLC in Chattanooga, TN (Hotels (except Casino Hotels) and Motels). CapBench 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.

2 SBA 7(a) loans totaling $6.8M
On record FY2020
34 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Chattanooga, TN
Lender: New Millennium Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Hotels (except Casino Hotels) and Motels businesses in TN for ~$3.4M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/hs-developers-llc-tn
API:: https://www.capbench.com/api/public/businesses/hs-developers-llc-tn
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

Is HS Developers LLC your business?

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with HS Developers LLC.