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SBA lending record

Neel LLC

1305 WASHINGTON AVE, Bay City, MI 48708 · 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.

$400K

Total SBA financing

1

Loan on record

FY2021

On record

2

Jobs supported

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

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The loan

$400,000 — FY2021

Gross approval: $400,000
SBA guaranteed: $360,000 (90%)
Status: Paid in full
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: 4/19/2021
First disbursement: 5/7/2021
Days to fund: 18 days
Paid in full: 3/31/2022
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 2
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Open Bank
Address: 1305 WASHINGTON AVE
City: Bay City, 48708
County: Bay
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 5

The lender

Open 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.

darshneel corporation

Bay City, MI· ~2 mi

Hotels (except Casino Hotels) and Motels

$375K
SBA financing: ≈ $735K–$1.2M
Est. revenue (rough)

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Shivanjali LLC

Bay City, MI· ~2 mi

Hotels (except Casino Hotels) and Motels

$218K
SBA financing: ≈ $427K–$712K
Est. revenue (rough)

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JFKM INC

Bay City, MI· ~1 mi

Hotels (except Casino Hotels) and Motels

$920K
SBA financing: ≈ $1.8M–$3.0M
Est. revenue (rough)

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APPLE TREE INN

Saginaw, MI· ~8 mi

Hotels (except Casino Hotels) and Motels

$855K
SBA financing: ≈ $1.7M–$2.8M
Est. revenue (rough)

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EKAKSHAR LLC

Saginaw, MI· ~9 mi

Super 8 by Wyndhan

$1.6M
SBA financing: ≈ $3.0M–$5.1M
Est. revenue (rough)

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Quality Inn & Suites Bay City

Bay City, MI· ~1 mi

Quality Inn by Choice Hotels /Quality Inn & Suites by Choice

$3.3M
SBA financing: ≈ $6.5M–$11M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for Neel LLC in Bay City, 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 $400K
On record FY2021
2 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Bay City, MI
Lender: Open 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 ~$400k 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/neel-llc-mi
API:: https://dealroom.so/api/public/businesses/neel-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 Neel LLC.