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Empire Motel LLC — SBA Loan Record (Chicago, IL) | DealRoom

Intelligence/Hotels (except Casino Hotels) and Motels/IL

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SBA lending record

Empire Motel LLC

7621 S. Cottage Grove Ave., Chicago, IL 60619 · 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.

$1.8M

Total SBA financing

1

Loan on record

FY2020

On record

8

Jobs supported

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

Is Empire Motel LLC your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

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The loan

$1,800,000 — FY2020

Gross approval: $1,800,000
SBA guaranteed: $1,350,000 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 5.5% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/17/2020
First disbursement: 9/30/2020
Days to fund: 13 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 8
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Celtic Bank Corporation
Address: 7621 S. Cottage Grove Ave.
City: Chicago, 60619
County: Cook
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 1

The lender

Celtic Bank Corporation

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

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.

NIYA Empire Motel LLC

Chicago, IL· ~0 mi

Hotels (except Casino Hotels) and Motels

$1.6M
SBA financing: ≈ $3.2M–$5.3M
Est. revenue (rough)

Vishna Ocean Breeze LLC

Chicago, IL· ~1 mi

Hotels (except Casino Hotels) and Motels

$2.1M
SBA financing: ≈ $4.1M–$6.8M
Est. revenue (rough)

Krish Admiral Hospitality LLC

Chicago, IL· ~2 mi

Hotels (except Casino Hotels) and Motels

$2.1M
SBA financing: ≈ $4.1M–$6.8M
Est. revenue (rough)

OM PREM CHICAGO LLC

Chicago, IL· ~3 mi

Hotels (except Casino Hotels) and Motels

$2.1M
SBA financing: ≈ $4.2M–$7.0M
Est. revenue (rough)

Admiral Motel

Chicago, IL· ~2 mi

Hotels (except Casino Hotels) and Motels

$1.8M
SBA financing: ≈ $3.6M–$6.0M
Est. revenue (rough)

VMM Inc.

Chicago, IL· ~8 mi

Hotels (except Casino Hotels) and Motels

$1.5M
SBA financing: ≈ $2.9M–$4.8M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Empire Motel LLC in Chicago, IL (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 $1.8M
On record FY2020
8 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Chicago, IL
Lender: Celtic Bank Corporation

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 IL for ~$1.8M deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

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/empire-motel-llc-il
API:: https://dealroom.so/api/public/businesses/empire-motel-llc-il
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.

Is Empire Motel LLC your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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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 Empire Motel LLC.