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How to finance a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in Michigan
The SBA 7(a) lenders funding the most Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho deals in Michigan, from public loan records — typical Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho loan about $1.5M. A bank already funding the brand in your state knows it twice over.
Most active with Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in Michigan
Ranked by funded Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.2,539 loans · $965M · Columbus, OHFull record →
- 2.575 loans · $220M · De Graff, OHFull record →
- 3.2 loans · $0M · Marinette, WIFull record →
- 4.98 loans · $309M · Las Vegas, NVFull record →
- 5.41 loans · $77M · Warwick, RIFull record →
- 6.1 loans · $0M · Ooltewah, TNFull record →
8+ funded Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho 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.
- Shivrai LLC in Monroe, MI — $2.0M (2024) · purchase · Shoreham Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.5M (75%)
- Approval → funding
- 17 days
- Approved
- 10/13/2023
- First disbursed
- 10/30/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 10
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $2.2M
- Est. down payment (10%)
- $222K
- Est. cash at closing
- $306K
- Monthly payment
- $17,823
- Annual debt service
- $214K
- Cash flow needed (1.25×)
- $267K
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 Shoreham Bank · Lender record →
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- Krrishiv Hospitality LLC in Whitehall, MI — $2.3M (2022) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.7M (75%)
- Approval → funding
- 9 days
- Approved
- 8/22/2022
- First disbursed
- 8/31/2022
- Loan status
- Paid in full (11/30/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 10
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by The Huntington National Bank · Lender record →
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- J&A STAR ELITE LLC in Grand Rapids, MI — $2.0M (2022) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.5M (75%)
- Approval → funding
- 26 days
- Approved
- 5/26/2022
- First disbursed
- 6/21/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $2.2M
- Est. down payment (10%)
- $217K
- Est. cash at closing
- $299K
- Monthly payment
- $11,697
- Annual debt service
- $140K
- Cash flow needed (1.25×)
- $175K
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 GBank · Lender record →
Your business? Claim this record · Request removal
- Gayatri Hospitality LLC in Saint Joseph, MI — $1.0M (2022) · Millennium Bank
- Program
- 7a General
- Rate at approval
- 5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $778K (75%)
- Approval → funding
- 8 days
- Approved
- 10/14/2021
- First disbursed
- 10/22/2021
- Loan status
- Paid in full (9/30/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 6
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Millennium Bank · Lender record →
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- Traverse Lodging LLC in Traverse City, MI — $1.8M (2021) · First Western SBLC, Inc
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.6M (87%)
- Approval → funding
- 17 days
- Approved
- 7/12/2021
- First disbursed
- 7/29/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 11
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by First Western SBLC, Inc
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- Sri Ganesh Hotels, LLC in Auburn, MI — $1.3M (2021) · purchase · United Midwest Savings Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.2M (90%)
- Approval → funding
- 6 days
- Approved
- 4/24/2021
- First disbursed
- 4/30/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $1.5M
- Est. down payment (10%)
- $148K
- Est. cash at closing
- $203K
- Monthly payment
- $8,192
- Annual debt service
- $98K
- Cash flow needed (1.25×)
- $123K
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 United Midwest Savings Bank National Association · Lender record →
Your business? Claim this record · Request removal
- Monroe Hotel Solutions Inc. in Monroe, MI — $1.4M (2020) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.0M (75%)
- Approval → funding
- 12 days
- Approved
- 8/27/2020
- First disbursed
- 9/8/2020
- Loan status
- Paid in full (10/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- BDRR HOTEL INC. in Escanaba, MI — $825K (2020) · The Stephenson National Bank and Trust
- Program
- 7a General
- Rate at approval
- 4.75% variable
- Term
- 206 months
- SBA guaranteed
- $619K (75%)
- Approval → funding
- 28 days
- Approved
- 9/2/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (5/31/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by The Stephenson National Bank and Trust · Lender record →
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Buying a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in Michigan? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho purchase in Michigan with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Michigan deals. The Huntington National Bank funds the most here. DealRoom is not a lender.
- $1.5M typical Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho loan
- 7 lenders active in Michigan
- 8+ funded Michigan deals
- 17 days typical to fund
Buyers buying a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in Michigan typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
Next steps
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