Hotels & Lodging · lender intelligence
How to finance a Motel 6 in Illinois
The SBA 7(a) lenders funding the most Motel 6 deals in Illinois, from public loan records — typical Motel 6 loan about $2.6M. A bank already funding the brand in your state knows it twice over.
Most active with Motel 6 in Illinois
Ranked by funded Motel 6 loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1 loans · $0M · Ooltewah, TNFull record →
- 2.98 loans · $309M · Las Vegas, NVFull record →
- 3.41 loans · $77M · Warwick, RIFull record →
- 4.1 loans · $1M · Cuba, MOFull record →
- 5.97 loans · $156M · Clayton, MOFull record →
10+ funded Motel 6 in Illinois 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.
- Laxminarayan 1 LLC in Effingham, IL — $2.4M (2026) · Shoreham Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 15 days
- Approved
- 1/22/2026
- First disbursed
- 2/6/2026
- Loan status
- Current
- 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 Shoreham Bank · Lender record →
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- MOKSHA HOSPITALITY LLC - Peoria, IL in Peoria, IL — $2.4M (2023) · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.25% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 4 days
- Approved
- 8/12/2023
- First disbursed
- 8/16/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by GBank · Lender record →
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- MOTEL 6 GLENVIEW in Glenview, IL — $3.6M (2022) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 7% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.7M (75%)
- Approval → funding
- 7 days
- Approved
- 9/2/2022
- First disbursed
- 9/9/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $4.0M
- Est. down payment (10%)
- $403K
- Est. cash at closing
- $557K
- Monthly payment
- $25,656
- Annual debt service
- $308K
- Cash flow needed (1.25×)
- $385K
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 →
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- KARUNESH LLC in Waukegan, IL — $3.4M (2021) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.3M (68%)
- Approval → funding
- 53 days
- Approved
- 9/9/2021
- First disbursed
- 11/1/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $3.8M
- Est. down payment (10%)
- $378K
- Est. cash at closing
- $522K
- Monthly payment
- $18,898
- Annual debt service
- $227K
- Cash flow needed (1.25×)
- $283K
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 →
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- BT Hospitality LLC in Effingham, IL — $950K (2021) · purchase · First Western SBLC, Inc
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 303 months
- SBA guaranteed
- $855K (90%)
- Approval → funding
- 21 days
- Approved
- 6/9/2021
- First disbursed
- 6/30/2021
- Loan status
- Paid in full (4/30/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 9
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $1.1M
- Est. down payment (10%)
- $106K
- Est. cash at closing
- $145K
- Monthly payment
- $5,950
- Annual debt service
- $71K
- Cash flow needed (1.25×)
- $89K
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 First Western SBLC, Inc
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- 10 Villa Park Inc in Villa Park, IL — $4.3M (2020) · Enterprise Bank & Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.2M (75%)
- Approval → funding
- 3 days
- Approved
- 1/28/2020
- First disbursed
- 1/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Enterprise Bank & Trust · Lender record →
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- 3551 Joliet Inc in Joliet, IL — $4.1M (2020) · Millennium Bank
- Program
- 7a General
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.1M (75%)
- Approval → funding
- 7 days
- Approved
- 1/24/2020
- First disbursed
- 1/31/2020
- Loan status
- Paid in full (8/31/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 15
- 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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- KABJ Alliance LLC in Harvey, IL — $2.0M (2020) · Millennium Bank
- Program
- 7a General
- Rate at approval
- 6.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.5M (75%)
- Approval → funding
- 27 days
- Approved
- 12/4/2019
- First disbursed
- 12/31/2019
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 16
- 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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- Shri Krishna Properties LLC in Rockford, IL — $1.3M (2020) · Millennium Bank
- Program
- 7a General
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.0M (75%)
- Approval → funding
- 6 days
- Approved
- 9/12/2020
- First disbursed
- 9/18/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Millennium Bank · Lender record →
Your business? Claim this record · Request removal
- PINNACLE HOSPITALITY, LLC in Metropolis, IL — $805K (2020) · Peoples Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $604K (75%)
- Approval → funding
- 17 days
- Approved
- 8/14/2020
- First disbursed
- 8/31/2020
- Loan status
- Paid in full (11/30/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 9
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Peoples Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Motel 6 in Illinois? 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 Motel 6 loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Motel 6 purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. Millennium Bank funds the most here. DealRoom is not a lender.
- $2.6M typical Motel 6 loan
- 6 lenders active in Illinois
- 10+ funded Illinois deals
- 15 days typical to fund
Buyers buying a Motel 6 in Illinois 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.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.