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SBA lending record

South Arm Retreats

218 ELIZABETH ST, East Jordan, MI 49727 · 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.

$518K

Total SBA financing

1

Loan on record

FY2021

On record

—

Jobs supported

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

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The loan

$517,500 — FY2021

Gross approval: $517,500
SBA guaranteed: $465,750 (90%)
Status: Paid in full
Rate at approval: 6% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/14/2021
First disbursement: 9/30/2021
Days to fund: 16 days
Paid in full: 9/30/2024
Collateral: Required
Sold on secondary market: Yes
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Newtek Small Business Finance, Inc.
Address: 218 ELIZABETH ST
City: East Jordan, 49727
County: Charlevoix
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 1

The lender

Newtek Small Business Finance, Inc.

1 loan to this business

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.

Stargate Motel IR LLC

Indian River, MI· ~29 mi

Hotels (except Casino Hotels) and Motels

$616K
SBA financing: ≈ $1.2M–$2.0M
Est. revenue (rough)

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NEWBY COMPANY, INC.

Leland, MI· ~31 mi

Hotels (except Casino Hotels) and Motels

$609K
SBA financing: ≈ $1.2M–$2.0M
Est. revenue (rough)

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Wauban Cottage LLC

Northport, MI· ~23 mi

Hotels (except Casino Hotels) and Motels

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

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Charlevoix Hotel, Inc.

Charlevoix, MI· ~13 mi

AmericInn by Wyndham

$2.0M
SBA financing: ≈ $4.0M–$6.7M
Est. revenue (rough)

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Three Dogs LLC

Oscoda, MI· ~100 mi

Hotels (except Casino Hotels) and Motels

$640K
SBA financing: ≈ $1.3M–$2.1M
Est. revenue (rough)

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G & T HOSPITALITY LLC

Mackinaw City, MI· ~48 mi

Hotels (except Casino Hotels) and Motels

$925K
SBA financing: ≈ $1.8M–$3.0M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for South Arm Retreats in East Jordan, 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 $518K
On record FY2021
Industry: Hotels (except Casino Hotels) and Motels
Location: East Jordan, MI
Lender: Newtek Small Business Finance, Inc.

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 ~$518k 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/south-arm-retreats-mi
API:: https://dealroom.so/api/public/businesses/south-arm-retreats-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 South Arm Retreats.