SBA lending record
Laxminarayan 1 LLC
1412 W FAYETTE AVE, Effingham, IL 62401 · 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.
$2.4M
Total SBA financing
1
Loan on record
FY2026
On record
5
Jobs supported
Franchise brand
Motel 6
See Motel 6's SBA financing data — typical deal, failure rate, and how its loans perform →
● business · ● lender — business location is the ZIP-area centroid from the public record
Is Laxminarayan 1 LLC your business?
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The loan
$2,400,000 — FY2026
- Gross approval
- $2,400,000
- SBA guaranteed
- $1,800,000 (75%)
- Status
- Current
- Rate at approval
- 7.75% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 1/22/2026
- First disbursement
- 2/6/2026
- Days to fund
- 15 days
- Collateral
- Required
- Jobs supported
- 5
- Business type
The lender
Shoreham Bank
1 loan to this business- Total assets
- $522.0B
- Deposits
- $417.8B
- Loans outstanding
- $447.8B
- Net income
- $375.0M
- Return on assets
- 0.29904097559127873%
- Return on equity
- 2.73%
- Total equity
- $54.8B
- Offices
- 4
- Founded
- 01/0
- Headquarters
- 1 Shoreham Way, Warwick, RI, 02886
- FDIC cert
- 27417
- Website
- www.shoreham.bank
Is Laxminarayan 1 LLC your business?
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Laxminarayan 1 LLC.