How to finance a Clarion Inn by Choice Hotels/Clarion Inn & Suites by Choice in Michigan

1+ funded Clarion Inn by Choice Hotels/Clarion Inn & Suites by Choice in Michigan deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

• M&M Hospitality LLC in Romulus, MI — $120K (2023) · purchase · Celtic Bank Corporation

  Program

  Preferred Lenders Program

  Rate at approval

  10.25% variable

  Term

  126 months

  SBA guaranteed

  $102K (85%)

  Approval → funding

  1 days

  Approved

  1/19/2023

  First disbursed

  1/20/2023

  Loan status

  Paid in full (8/31/2023)

  Loan type

  Term loan

  Collateral

  Required

  Business type

  Corporation

  Secondary market

  Loan sold to investors

  Jobs supported

  16

  Business age

  Change of Ownership

  Industry

  Hotels (except Casino Hotels) and Motels

  If you were the buyer here

  Est. deal size

  $134K

  Est. down payment (10%)

  $13K

  Est. cash at closing

  $17K

  Monthly payment

  $1,564

  Annual debt service

  $19K

  Cash flow needed (1.25×)

  $23K

  Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.

  Funded by Celtic Bank Corporation · Lender record →

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