Hotels & Lodging · lender intelligence
How to finance a Red Roof Inn in Illinois
The SBA 7(a) lenders funding the most Red Roof Inn deals in Illinois, from public loan records — typical Red Roof Inn loan about $2.5M. A bank already funding the brand in your state knows it twice over.
Most active with Red Roof Inn in Illinois
Ranked by funded Red Roof Inn 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 →
- 2.1 loans · $1M · Cuba, MOFull record →
- 3.129 loans · $234M · New York, NYFull record →
- 4.98 loans · $309M · Las Vegas, NVFull record →
- 5.2,539 loans · $965M · Columbus, OHFull record →
- 6.97 loans · $156M · Clayton, MOFull record →
10+ funded Red Roof Inn 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.
- Danville Guest House LLC in Danville, IL — $2.1M (2026) · U.S. Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.6M (75%)
- Approved
- 3/10/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by U.S. Bank, National Association · Lender record →
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- 2 SUNSTAR ROCKFORD LLC in Rockford, IL — $1.8M (2026) · Peoples Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.3M (75%)
- Approved
- 2/27/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Peoples Bank · Lender record →
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- ORBIT HOSPITALITY LLC in Alsip, IL — $3.9M (2025) · Port 51 Lending LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 9% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.9M (75%)
- Approval → funding
- 39 days
- Approved
- 6/16/2025
- First disbursed
- 7/25/2025
- Loan status
- Current
- 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 Port 51 Lending LLC · Lender record →
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- Red Roof Morton Grove LLC in Morton Grove, IL — $2.6M (2022) · Millennium Bank
- Program
- 7a General
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.0M (75%)
- Approval → funding
- 65 days
- Approved
- 4/27/2022
- First disbursed
- 7/1/2022
- Loan status
- Past due
- 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 →
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- 1 Sunstar, Inc. in North Aurora, IL — $2.2M (2022) · Peoples Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.6M (75%)
- Approval → funding
- 6 days
- Approved
- 6/8/2022
- First disbursed
- 6/14/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 13
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Peoples Bank · Lender record →
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- Ashirvad 22 LLC in Caseyville, IL — $1.7M (2022) · purchase · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 306 months
- SBA guaranteed
- $1.3M (75%)
- Approval → funding
- 7 days
- Approved
- 5/9/2022
- First disbursed
- 5/16/2022
- 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
- $1.9M
- Est. down payment (10%)
- $187K
- Est. cash at closing
- $257K
- Monthly payment
- $10,476
- Annual debt service
- $126K
- Cash flow needed (1.25×)
- $157K
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 The Huntington National Bank · Lender record →
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- APK Hospitality LLC in Bourbonnais, IL — $1.7M (2021) · Millennium Bank
- Program
- 7a General
- Rate at approval
- 5% variable
- Term
- 312 mo (26 yrs)
- SBA guaranteed
- $1.5M (90%)
- Approval → funding
- 19 days
- Approved
- 3/12/2021
- First disbursed
- 3/31/2021
- Loan status
- Paid in full (5/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Millennium Bank · Lender record →
Your business? Claim this record · Request removal
- RR 2 Willowbrook, LLC in Willowbrook, IL — $4.5M (2020) · purchase · Millennium Bank
- Program
- 7a General
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.4M (75%)
- Approval → funding
- 22 days
- Approved
- 2/7/2020
- First disbursed
- 2/29/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 12
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $5.0M
- Est. down payment (10%)
- $503K
- Est. cash at closing
- $695K
- Monthly payment
- $29,155
- Annual debt service
- $350K
- Cash flow needed (1.25×)
- $437K
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 →
Your business? Claim this record · Request removal
- Sunstar Downers Inc in Downers Grove, IL — $3.6M (2020) · Enterprise Bank & Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.7M (75%)
- Approval → funding
- 10 days
- Approved
- 1/21/2020
- First disbursed
- 1/31/2020
- Loan status
- Paid in full (3/31/2022)
- 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 Enterprise Bank & Trust · Lender record →
Your business? Claim this record · Request removal
- NEW CANDLE SONAL LLC in Waukegan, IL — $2.1M (2020) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.6M (75%)
- Approval → funding
- 3 days
- Approved
- 9/14/2020
- First disbursed
- 9/17/2020
- 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
- $2.4M
- Est. down payment (10%)
- $235K
- Est. cash at closing
- $324K
- Monthly payment
- $12,680
- Annual debt service
- $152K
- Cash flow needed (1.25×)
- $190K
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
Buying a Red Roof Inn 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 Red Roof Inn loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Red Roof Inn 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.
- $2.5M typical Red Roof Inn loan
- 7 lenders active in Illinois
- 10+ funded Illinois deals
- 19 days typical to fund
Buyers buying a Red Roof Inn 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.