Akal Hotels Llc
4630 N. Lovington Highway, Hobbs, NM 88240 · Hotels (except Casino Hotels) and Motels (NAICS 721110)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
1
Total Amount
$5.0M
Jobs Supported
10
Years Active
2022
Loan History (1)
Source: SBA FOIA7(a)$5,000,000
Exempt
- Approved
- Jun 30, 2022 (FY2022)
- SBA Guaranteed
- $3,750,000 (75%)
- Term
- 300 months (25.0 yrs)
- Interest Rate
- 5.50%
- Revolver
- 0
- Jobs Supported
- 10
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Hotels (except Casino Hotels) and Motels (NAICS 721110)
Lender
Millennium Bank
2077 Miner St, Des Plaines, IL 60016
Project Location
Lea County, NM
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 721110 — Hotels (except Casino Hotels) and Motels
- Address
- 4630 N. Lovington Highway
Hobbs, NM 88240
Lender
- Millennium Bank
- 2077 Miner St, Des Plaines, IL 60016