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New owners take over Stockman’s Motel



Lalit Bassi (left) and his sister, Garima Bassi, work in the Stockman's Store Monday.
ONTARIO — Owning and operating motels around Central Oregon evolved into a full-time vocation for one family that traces its roots to India, and two members of the Bassi clan have touched down in Ontario.

Lalit Bassi, 18, is the spokesman for his family and a part owner in the family’s new enterprise — the Stockman’s Motel which is also a local landmark of sorts.

The little store adjacent to the motel is also now open, according to Lalit Bassi.

The rest of the family includes his father, Bimal Bassi, mother, Reeta Rani and sister, Garima Bassi.

A sister of his mother, Lalit Bassi said, came to the United States and worked at a motel at Madras — which she now owns — and invited the rest of her siblings and their families to Central Oregon. Four uncles and two aunts and their families now own and operate six motel properties in the Bend area.

Bassi and his family came from northern India, where his father’s family still runs a large store that sells building, plumbing and farm supplies.

“We were working for the family in Bend for seven years,” Bassi said.

 Last year they began looking for their own business. Bassi took it upon himself to search the Internet for motel properties, checking out places all over Oregon and adjoining states. Some were too expensive, and other didn’t look great. Some motels were posted on the Web one day and gone the next, Bassi said.

“I looked for this business seven or eight months,” he said. “I did it by myself. The Stockman’s has a high reputation. I liked the town and my parents did too.”

One of the reasons the family chose the Stockman’s Motel was the adjoining building on the property offered the opportunity of a second business, the newly reopened convenience store. 

Besides boasting a good structure, Bassi said the Stockman’s is in a good location. It draws a lot of business customers, as well as regulars and tourists going through town. “They know where we are,” he said.

Bassi is a senior at Ontario High School, while his sister, Garima Bassi, is a freshman. He could have already graduated except he had make up some credits, he said.

While he attends school for a regular day, most of his time is spent helping teachers or working with other students as a tutor. He and his sister work the store when they are not in school.

“It’s OK. It’s easier than India,” Bassi said about U.S. schools. “It’s totally different.” 

One difference is in India students do not move around between classes like they do in U.S. middle and high schools. Bassi said he had to take one year over again in the U.S.

It had to be a place that his parents liked when choosing a motel, Bassi said.

After high school, he plans to major in computer engineering at the Oregon Institute of Technology, Portland campus.

During the process of buying the motel, Bassi, his father and sister became U.S. citizens.

They were sworn in last September in Portland. It cost $2,000 for his sister to take on the family last name, which she did not have before, Bassi said.

His mother will take on the Bassi name when she applies for citizenship.

 

    




Comment Blog - Note: All Comments Subject To Approval

Decided wrote on Mar 3, 2009 7:21 AM:

" Y'know what? I'm headed to town this weekend and while I normally stay somewhere else, this weekend will mark the first visit to the Stockman's. "

I hear you wrote on Mar 2, 2009 6:54 PM:

" To: TL I'm not suprised how almost every article about any minority race in our town usually goes the same direction. Haven't you heard? according to some of our community members, All hispanics are on welfare/are gang bangers/selling drugs, and are illeagle immigrants. We sure have some sick puppies in our neck of the woods,(red necks)that is. "

to no way wrote on Mar 2, 2009 3:52 PM:

" You go girl! Well, ignorance is not an excuse. I am not trying to point out the obvious, but lady, you just don't have a clue. The fact that you say you have "morrals" really illustrates my point. In case that you are wondering, yeah, it's "morals". It is the blind leading the blind. Idiots driving buses of idiots. Did you mean prejudice??? Come on lady get with the program. This is an accredited society, where titles and degrees mean everyting. Just because you are "without" doesn't mean you have to defend the ignorance that bleeds from your mouth. Glad to see that titles mean little to you! They aren't important at all!...next time your kid gets sick, then it won't matter if an M.D. looks at her or some jerkweed that stayed at a Holiday Inn the night before, BECAUSE TITLES DONT MATTER, RIGHT? Hate the game not the player. Does that mean you shouldn't have a voice?? No. What it means (to me)is that the validity and perceived impact of your comments carry little weight when you can't spell those "things" you claim to have. You might have a job, but let's hope that it's not as an English teacher...oh wait, you have to have a degree and a title to be a teacher.....sorry. "

TL wrote on Feb 28, 2009 8:39 PM:

" I am amazed at the direction some of these blogs end up going. The main point is that these people are LEGAL immigrants who have come to this country not to live off our system but to work and become contributing members of our society. good luck!!!! "

Finally wrote on Feb 28, 2009 9:41 AM:

" to No way: Thank you for your input. Some of us "educated" idiots just never know when to hush up. You seem to leave in the real world. Thank you for standing up and defending your beliefs.. "

No Way Again wrote on Feb 27, 2009 10:51 AM:

" You know what I don't really care about anyones title, or were they work, or what they own. That doesn't really mean crap when it comes down to the person you are and how you treat others.
To: Wow, PDX 23rd floor guy, Get a life your not here and your not trying to change anything here so stay out of it. You were the first person to comment and the first to bring up that they're immigrants. So of cource everyone is going to say that you are ignorant because you really sound like it, but you know what maybe your not maybe your a great guy.
You also said that i'm on welfare, and jobless, and blah blah blah. Well I'm not never have been. And I do have a job. I'm a single mom that work this arz off to provide a good life for my daughter and I don't ask for help from the gov. And I have no reason to go and ask for an SBA loan so as of right now I don't care if they would give me one or not and they gave it to the Bassi. I may not have your education and your oh so wonderful job, and I may not be the best speller or have the best grammer, but my child is going to have morrals, not be pregidest, think for herself and be polite to everyone even her elders, everything that so many kids these's day's are missing and parents aren't teaching.
As for the Bassi family and kids, good luck I hope that everything works for you. I am always proud to hear positive things that the younger generations are doing. Anything is good when your not gang bangin, selling or doing drugs, robbing some pleace, getting DUI/MIP's...etc... "

nope wrote on Feb 27, 2009 9:56 AM:

" not a janitor where do i sign up for the spaceman cowboy program? not e.s ....j.l. "

Ray Dickerson wrote on Feb 27, 2009 7:42 AM:

" As a native of Ontario and sometime attendee of OHS, I have to wonder if the qualifications for a Master’s and PHD might not have been lowered, given the quality of this discussion. "

To Dr and To wrote on Feb 26, 2009 10:25 AM:

" Im a cowboy spaceman millionaire so I am the best. See if you dont put your real name you can be anything you want. Im guessing both of your doors say Janitor or you are a delivery man. Does the first letter of your mane start with an E and you last name end with an S. "

Dr. Exiled wrote on Feb 26, 2009 6:07 AM:

" To "to Exiled" (yes, it is a difficult concept to pick a name, isn't it?) Ah, so titles matter. In that case, I still win. I believe my Masters and Doctorates outweigh yours. If we're judging by doors, then I would invite you to see mine, but I don't think security would let you through. Should we judge by number of employees? Have you hit 360, yet? Oh, wait! You're shallow enough to judge your importance by what FLOOR your office is on! 23rd? Wow. That's pretty impressive. I'll admit. You win. You should write about how that feels in your next book. Oh, wait, you haven't written one, yet, have you? Perhaps I need to add up our score, again... "

to exiled wrote on Feb 25, 2009 11:13 AM:

" I am glad you have the time to spell-check my blogs. Just goes to show my point. Try a masters degree a*&hole, actually 2 of them. Ontario is a wasteland because there are old people who don't welcome change, ignorant idiots like you, and cholos capping rounds in apartment complexes on the eastside. Awesome! You can polish, paint, or encase a terd and guess what, it's still a terd. FYI sitting in my office on the 23rd floor in downtown PDX. Director of Finance is what it says on my office door. What does it say on your door?? ...i gotta pretty good idea what it would say if you did had one...how about "D-Bag" "

Exiled wrote on Feb 24, 2009 3:04 PM:

" To "to no way" (why can't people pick a pseudonym instead of using the Name line as a Subject line?)

OHS is _not_ the oldest high school in Oregon. Nowhere even close to the top of that list.

You are the last person that should be throwing around the "ignorant" word based on your spelling and grammar.

If I had to guess - I would put that rant on a sixth grade level of writing. "

To wow wrote on Feb 24, 2009 12:44 PM:

" You hate this town but still read the argus. If you moved away, then move on. What do you do, do you even have a job. Im not sticking up for the system, just the town. This is my home and the place I decided to live, just because Ontario did not accomidate to you million dollar pipedream, does not mean anything. Its time for you to move on big guy. "

Susan Hadley wrote on Feb 24, 2009 11:51 AM:

" The way that SBA loans work is that the funds come from a bank, not local taxpayer dollars. The SBA then guarantees an amount (typically up to 85% maximum) of the loan amount in the case of default. If a loan does go into default, then the SBA would use federal funds to cure the default and liquidate the loan and collateral.

From my time working as a bank examiner, the majority of SBA and FSA (farming) loans in our region were made to white males.

If you don't like the system, work to change it instead of sitting back and whining. "

morons wrote on Feb 24, 2009 7:36 AM:

" Idiots. Idiots. Idiots. For the last time I am not bashing the family. I wish them the best. My point is the system is a joke. Open your eyes and see just what it is you're defending. Can you think of better places to spend local taxpayer dollars than the second coming of a dumpy motel in Ontario? Exactly... "

wow wrote on Feb 24, 2009 7:26 AM:

" ...and you still wonder why Ontario is an economic wasteland. Emotions overpower logic, rationale, and common business sense in the armpit of America. "

Local Business wrote on Feb 23, 2009 9:58 PM:

" Hey, here's the great thing: This is a family. Not an investment group, not a corporation. I am happy they chose Ontario and wish them the best. "

Nothing To Do wrote on Feb 23, 2009 7:48 PM:

" with Immigrant status but lots to do with affirmative action. "

go try and see wrote on Feb 23, 2009 3:15 PM:

" 90% of small business conventional loan requests are denied. Do your own homework and see who actually gets the SBA loans. Would surprise you. "

Susan Hadley wrote on Feb 22, 2009 7:30 AM:

" I am an owner of the Ontario Inn motel and am very sad to see the hateful and ignorant comments in this blog. Having met the Bassi family, they seem to be very nice people and we wish them the best of luck with their business.

While there was no mention in the article that this particular business received an SBA (Small Business Administration) loan, if an SBA loan was involved, there would have been clear and distinct requirements that have nothing to do with immigrant status.

In order to be eligible for an SBA Loan, you must apply and be turned down for a conventional loan by a commercial lender. By law, the SBA may not guarantee a loan if a business can obtain funds on reasonable terms from a bank or other private source. A borrower therefore must first seek private financing. The interest rates on SBA loans are typically higher than conventional financing due to the additional risk they take on.

The business seeking SBA funding must be independently owned and operated, not dominant in its field, and must meet certain standards of size in terms of number of employees or annual receipts.

Eligibility generally depends on four factors: 1) the type of business, 2) the size of the business, 3) the use of loan funds, and 4) special circumstances.

Type of Business
The requirements in this category are quite broad. The business must be a for-profit enterprise. It must engage in or must propose to do business in the United States or its possessions. The business owner or loan applicant must have a reasonable financial investment in the business. And the owner must invest other financial resources, including personal assets, before applying for an SBA loan.

Size of Business
The Small Business Act defines an eligible small business as one that is independently owned and operated — and not dominant in its industry. The Act also states that the definition of small business varies from one industry to another. However, most businesses qualify as "small" under the SBA size guidelines.

Use of Loan Funds
Business owners may use SBA loans for a number of business activities, including purchase of real estate; construction, renovation, or leasehold improvements; acquisition of furniture, fixtures, machinery, and equipment; purchase of inventory; and working capital.
A business owner cannot use an SBA loan:
To purchase real estate where the participant has issued a forward commitment to the developer or where the real estate will be held primarily for investment purposes.
To finance floor plan needs.
To make payments to owners or to pay delinquent withholding taxes.
To pay existing debt, unless it can be shown that the refinancing will benefit the small business and that the need to refinance is not indicative of poor management.

Special Circumstances
Certain other requirements and restrictions apply to businesses and applicants in the following categories:
Franchises
Recreational facilities and clubs
Farms and agriculture
Fishing vessels
Medical facilities
Alter egos
Change of ownership
Aliens
Probation or parole
Academic schools

Ineligible Businesses
Certain types of businesses are explicitly ineligible for SBA loans. Ineligible businesses are those characterized by any of the following:
Real estate investment and other speculative activities
Lending activities
Pyramid sales plans
Illegal activities
Gambling activities
Charitable, religious, or certain other nonprofit institutions
Businesses with an owner who is on parole

see www.sba.gov for more information "

T0 wow wrote on Feb 20, 2009 8:25 PM:

" What is an SBA loan and where did you find out how much they got for their business??? Is there a web site to look up all this information? I'm curious "

to no way wrote on Feb 18, 2009 2:24 PM:

" Shut up, get off your welfare collecting arz and go to work. If you weren't so stupid you'd understand that I wasnt knocking the kids or immigrants....It is the system. And oh yeah bright one...the loan they received from the Gov is YOUR tax dollars. Dont get pmad at the messenger FYI i grew up in ontario my whole life and left cuz its a dump that cant even pass a school bond. Did you know that OHS is the oldest school in Oregon? Probably not considering your ignorant. It's people like YOU who have no clue what goes on in the real world. It isnt Pleasantville lady...while you sit there and defend ignorant actions like this while you live in a county that has >12% unemployment. God you people just dont get it. Here is a great idea "let give a government subsidized loan to immigrants (because they are immigrants) for another worthless motel in Ontario that we know will fail, and then when it goes bankrupt, just say jeez thats too bad $75k more of our taxpayer dollars down the drain". You're so smart lady, why don't you go down and try and get a SBA loan? Oh, they will tell you no cuz you're not a minority. Does that make sense? No but you're defending something you don't understand. Get a life and and a day job... "

NO WAY wrote on Feb 18, 2009 10:40 AM:

" TO: WOW, How ignorant can a person be!?!? It's people like you that makes this a unhappy place to live. Why not be happy that these two young kids have an opportunity to do something positive with there lives. You know what i'm a white american mother and I wish I saw more kids with some drive like these kids have. Thier not on drugs, or drunks, or in gangs. Get a clue there are some american citizens that could take some lessons for thier parents on how to raise kids. Grow up!!! "

wow wrote on Feb 17, 2009 3:45 PM:

" glad to see that the only people able to bring a new business to ontario get funding from the SBA just because they are immigrants. Why can't i get 75k to start a worthless business that i and everybody else will know will fail. Did the city give them money too, just like GoldThorpe's??? Glad that those seeking the American dream have to be foreigners to receive any help "


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