SBA lending record
PATEL VENTURES LLC
440 HERITAGE DR., Spearfish, SD 57783 · 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.
$2.2M
Total SBA financing
1
Loan on record
FY2025
On record
10
Jobs supported
Franchise brand
Super 8 by Wyndhan
See Super 8 by Wyndhan's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
Is PATEL VENTURES 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.
The loan
$2,200,000 — FY2025
- Gross approval
- $2,200,000
- SBA guaranteed
- $1,650,000 (75%)
- Status
- Cancelled
- Rate at approval
- 9.25% v
- Term
- 309 mo (26 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 7/23/2025
- Collateral
- Required
- Jobs supported
- 10
- Business type
- Corporation
- Business age
- New Business or 2 years or less
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for PATEL VENTURES LLC in Spearfish, SD (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 $2.2M
- On record FY2025
- 10 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Spearfish, SD
- Lender: Farmers State Bank of Alto Pass, Illinois
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is PATEL VENTURES 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 PATEL VENTURES LLC.