Hotels & Lodging · lender intelligence
How to finance a Quality Inn by Choice Hotels /Quality Inn & Suites by Choice in Illinois
The SBA 7(a) lenders funding the most Quality Inn by Choice Hotels /Quality Inn & Suites by Choice deals in Illinois, from public loan records — typical Quality Inn by Choice Hotels /Quality Inn & Suites by Choice loan about $2.7M. A bank already funding the brand in your state knows it twice over.
Most active with Quality Inn by Choice Hotels /Quality Inn & Suites by Choice in Illinois
Ranked by funded Quality Inn by Choice Hotels /Quality Inn & Suites by Choice loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.98 loans · $309M · Las Vegas, NVFull record →
- 2.1 loans · $2M · Alto Pass, ILFull record →
- 3.41 loans · $77M · Warwick, RIFull record →
- 4.1 loans · $1M · Cuba, MOFull record →
- 5.112 loans · $112M · Irving, TXFull record →
- 6.10 loans · $11M · Macon, GAFull record →
- 7.242 loans · $281M · Chicago, ILFull record →
- 8.1 loans · $0M · Ooltewah, TNFull record →
12+ funded Quality Inn by Choice Hotels /Quality Inn & Suites by Choice 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.
- Lakshmi Capital LLC in Bolingbrook, IL — $3.8M (2026) · Shoreham Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.9M (75%)
- Approval → funding
- 24 days
- Approved
- 1/12/2026
- First disbursed
- 2/5/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- 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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- KRISHKAI, LLC in Aurora, IL — $3.1M (2025) · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.3M (75%)
- Approval → funding
- 19 days
- Approved
- 9/25/2025
- First disbursed
- 10/14/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 6
- 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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- Yam Diamond Hospitality LLC in Vandalia, IL — $2.5M (2024) · purchase · American Pride Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.9M (75%)
- Approval → funding
- 2 days
- Approved
- 2/13/2024
- First disbursed
- 2/15/2024
- 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
- $2.8M
- Est. down payment (10%)
- $281K
- Est. cash at closing
- $387K
- Monthly payment
- $23,391
- Annual debt service
- $281K
- Cash flow needed (1.25×)
- $351K
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 American Pride Bank · Lender record →
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- ANUPAM LLC in Ottawa, IL — $1.6M (2024) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.2M (75%)
- Approval → funding
- 8 days
- Approved
- 7/31/2024
- First disbursed
- 8/8/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $1.8M
- Est. down payment (10%)
- $183K
- Est. cash at closing
- $251K
- Monthly payment
- $14,668
- Annual debt service
- $176K
- Cash flow needed (1.25×)
- $220K
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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- SAI CORPORATION 1 INC in Monee, IL — $3.1M (2023) · purchase · Byline Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.3M (75%)
- Approval → funding
- 22 days
- Approved
- 6/7/2023
- First disbursed
- 6/29/2023
- Loan status
- Current
- 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
- $3.4M
- Est. down payment (10%)
- $344K
- Est. cash at closing
- $476K
- Monthly payment
- $29,270
- Annual debt service
- $351K
- Cash flow needed (1.25×)
- $439K
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 Byline Bank · Lender record →
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- KANVI LLC in Aurora, IL — $2.7M (2023) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 8% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.1M (75%)
- Approval → funding
- 2 days
- Approved
- 12/13/2022
- First disbursed
- 12/15/2022
- Loan status
- Paid in full (10/31/2025)
- 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
- $3.0M
- Est. down payment (10%)
- $304K
- Est. cash at closing
- $419K
- Monthly payment
- $21,113
- Annual debt service
- $253K
- Cash flow needed (1.25×)
- $317K
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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- Rico Tailor Inc in Mount Vernon, IL — $2.5M (2022) · Community First Bank of the Heartland
- Program
- 7a General
- Rate at approval
- 5.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.7M (69%)
- Approval → funding
- 30 days
- Approved
- 6/29/2022
- First disbursed
- 7/29/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 13
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Community First Bank of the Heartland
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- A1 Diamond, Inc in Monee, IL — $2.5M (2022) · purchase · Millennium Bank
- Program
- 7a General
- Rate at approval
- 5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.9M (75%)
- Approval → funding
- 10 days
- Approved
- 12/11/2021
- First disbursed
- 12/21/2021
- Loan status
- Paid in full (6/30/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $2.8M
- Est. down payment (10%)
- $277K
- Est. cash at closing
- $382K
- Monthly payment
- $14,571
- Annual debt service
- $175K
- Cash flow needed (1.25×)
- $219K
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 Millennium Bank · Lender record →
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- Aksharr Hospitality, LLC in O'Fallon, IL — $2.4M (2022) · Peoples Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 9 days
- Approved
- 7/20/2022
- First disbursed
- 7/29/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 14
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Peoples Bank · Lender record →
Your business? Claim this record · Request removal
- RIHAN HOTELS, LLC in Galesburg, IL — $1.8M (2022) · purchase · VelocitySBA, LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 7.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.3M (75%)
- Approval → funding
- 24 days
- Approved
- 8/9/2022
- First disbursed
- 9/2/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $2.0M
- Est. down payment (10%)
- $199K
- Est. cash at closing
- $274K
- Monthly payment
- $12,938
- Annual debt service
- $155K
- Cash flow needed (1.25×)
- $194K
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 VelocitySBA, LLC · Lender record →
Your business? Claim this record · Request removal
- RAJWALA HOSPITALITY LLC in Danville, IL — $1.4M (2021) · Farmers State Bank of Alto Pass, Illinois
- Program
- Preferred Lenders Program
- Rate at approval
- 5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.2M (90%)
- Approved
- 3/11/2021
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Farmers State Bank of Alto Pass, Illinois · Lender record →
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- Maharani Hospitality, Inc. in Ottawa, IL — $1.4M (2021) · First Western SBLC, Inc
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.2M (90%)
- Approval → funding
- 21 days
- Approved
- 7/10/2021
- First disbursed
- 7/31/2021
- 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
- 6
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by First Western SBLC, Inc
Your business? Claim this record · Request removal
Buying a Quality Inn by Choice Hotels /Quality Inn & Suites by Choice in Illinois? Start with a lender that funds them here
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Quality Inn by Choice Hotels /Quality Inn & Suites by Choice loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Quality Inn by Choice Hotels /Quality Inn & Suites by Choice 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. GBank funds the most here. DealRoom is not a lender.
- $2.7M typical Quality Inn by Choice Hotels /Quality Inn & Suites by Choice loan
- 10 lenders active in Illinois
- 12+ funded Illinois deals
- 19 days typical to fund
Buyers buying a Quality Inn by Choice Hotels /Quality Inn & Suites by Choice 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.
Next steps
- Data freshness: