SBA lending record

Omkar, Inc.

901 OCEAN RD, Narragansett, RI · 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.

$3.5M

Total SBA financing

Loan on record

FY2022

On record

Jobs supported

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The loan

$3,461,000 — FY2022

Gross approval: $3,461,000
SBA guaranteed: $2,595,750 (75%)
Status: Paid in full
Rate at approval: 2.5% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/30/2022
First disbursement: 4/5/2022
Days to fund: 6 days
Paid in full: 5/31/2025
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Community Bank & Trust-West Georgia
Address: 901 OCEAN RD
City: Narragansett
County: Washington
SBA district office: RHODE ISLAND DISTRICT OFFICE
Congressional district: 2

The lender

Community Bank & Trust-West Georgia

1 loan to this business

Find SBA lenders for businesses like this

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

SBA lenders in Rhode Island Lenders for hotels (except casino hotels) and motels Hotels (except Casino Hotels) and Motels lenders in Rhode Island

Similar businesses

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SBA financing: ≈ $8.8M–$15M
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SBA financing: ≈ $8.7M–$15M
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Neal's Nook, LLC

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$2.9M
SBA financing: ≈ $5.7M–$9.5M
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Gene Properties LLC

Westerly, RI· ~18 mi

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$3.9M
SBA financing: ≈ $7.6M–$13M
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Warwick LLC

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$5.0M
SBA financing: ≈ $9.8M–$16M
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Hampton Inn and Suites

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$4.6M
SBA financing: ≈ $8.9M–$15M
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Agent summary

This page summarizes the public SBA 7(a) lending record for Omkar, Inc. in Narragansett, RI (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.

1 SBA 7(a) loan totaling $3.5M
On record FY2022
4 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Narragansett, RI
Lender: Community Bank & Trust-West Georgia

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 RI for ~$3.5M 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/omkar-inc-ri
API:: https://www.capbench.com/api/public/businesses/omkar-inc-ri
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.

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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 Omkar, Inc..