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SBA lending record

Dev Hospitality Inc

7737 S Division Avenue, Grand Rapids, MI 49548 · 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.

$700K

Total SBA financing

1

Loan on record

FY2023

On record

4

Jobs supported

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

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The loan

$700,000 — FY2023

Gross approval: $700,000
SBA guaranteed: $525,000 (75%)
Status: Current
Rate at approval: 10% v
Term: 300 mo (25 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 8/9/2023
First disbursement: 9/7/2023
Days to fund: 29 days
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: Millennium Bank
Address: 7737 S Division Avenue
City: Grand Rapids, 49548
County: Kent
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 2

The lender

Millennium Bank

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.

Star Sartaj LLC

Grand Rapids, MI· ~6 mi

Hotels (except Casino Hotels) and Motels

$843K
SBA financing: ≈ $1.7M–$2.8M
Est. revenue (rough)

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Flat River Inn

Greenville, MI· ~32 mi

Hotels (except Casino Hotels) and Motels

$645K
SBA financing: ≈ $1.3M–$2.1M
Est. revenue (rough)

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J&A STAR ELITE LLC

Grand Rapids, MI· ~9 mi

Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho

$2.0M
SBA financing: ≈ $3.8M–$6.4M
Est. revenue (rough)

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Hometown Inn

Battle Creek, MI· ~43 mi

Hotels (except Casino Hotels) and Motels

$860K
SBA financing: ≈ $1.7M–$2.8M
Est. revenue (rough)

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Super 9 Inn

Albion, MI· ~60 mi

Hotels (except Casino Hotels) and Motels

$683K
SBA financing: ≈ $1.3M–$2.2M
Est. revenue (rough)

View record

NORTON SHORES INN, LLC

Norton Shores, MI· ~39 mi

Hotels (except Casino Hotels) and Motels

$853K
SBA financing: ≈ $1.7M–$2.8M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Dev Hospitality Inc in Grand Rapids, 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 $700K
On record FY2023
4 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Grand Rapids, MI
Lender: 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 MI for ~$700k 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/dev-hospitality-inc-mi
API:: https://dealroom.so/api/public/businesses/dev-hospitality-inc-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 Dev Hospitality Inc.