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SBA lending record

CRESTVIEW INN SSM LLC

1200 ASHMUN ST, Sault Sainte Marie, MI 49783 · 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.

$900K

Total SBA financing

1

Loan on record

FY2025

On record

4

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$900,000 — FY2025

Gross approval: $900,000
SBA guaranteed: $675,000 (75%)
Status: Current
Rate at approval: 9.25% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 12/3/2024
First disbursement: 12/9/2024
Days to fund: 6 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 4
Business type: Corporation
Business age: Change of Ownership
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Merchants Bank of Indiana
Address: 1200 ASHMUN ST
City: Sault Sainte Marie, 49783
County: Chippewa
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 1

The lender

Merchants Bank of Indiana

1 loan 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.

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

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.

ABVI - Soo Locks Lodging LLC

Sault Sainte Marie, MI· ~5 mi

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$1.0M
SBA financing: ≈ $2.0M–$3.4M
Est. revenue (rough)

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Best Lodging LLC

Sault Sainte Marie, MI· ~5 mi

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$3.1M
SBA financing: ≈ $6.2M–$10M
Est. revenue (rough)

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G & T HOSPITALITY LLC

Mackinaw City, MI· ~48 mi

Hotels (except Casino Hotels) and Motels

$925K
SBA financing: ≈ $1.8M–$3.0M
Est. revenue (rough)

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Raahi Investments Inc

Cheboygan, MI· ~55 mi

Hotels (except Casino Hotels) and Motels

$990K
SBA financing: ≈ $1.9M–$3.2M
Est. revenue (rough)

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Lagah Lodge LLC

Escanaba, MI· ~141 mi

Hotels (except Casino Hotels) and Motels

$840K
SBA financing: ≈ $1.6M–$2.7M
Est. revenue (rough)

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Stargate Motel IR LLC

Indian River, MI· ~74 mi

Hotels (except Casino Hotels) and Motels

$616K
SBA financing: ≈ $1.2M–$2.0M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for CRESTVIEW INN SSM LLC in Sault Sainte Marie, MI (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 $900K
On record FY2025
4 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Sault Sainte Marie, MI
Lender: Merchants Bank of Indiana

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 MI for ~$900k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom 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); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/crestview-inn-ssm-llc-mi
API:: https://dealroom.so/api/public/businesses/crestview-inn-ssm-llc-mi
Methodology:: Sources & methodology

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

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with CRESTVIEW INN SSM LLC.