Hotels & Lodging · lender intelligence
How to finance a Red Roof Inn in Michigan
The SBA 7(a) lenders funding the most Red Roof Inn deals in Michigan, 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 Michigan
Ranked by funded Red Roof Inn loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.41 loans · $77M · Warwick, RIFull record →
- 2.97 loans · $156M · Clayton, MOFull record →
7+ funded Red Roof Inn 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.
- JMK Benton Hospitality Inc in Benton Harbor, MI — $2.2M (2025) · purchase · Shoreham Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.7M (75%)
- Approval → funding
- 17 days
- Approved
- 7/14/2025
- First disbursed
- 7/31/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 19
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $2.5M
- Est. down payment (10%)
- $247K
- Est. cash at closing
- $340K
- Monthly payment
- $17,876
- Annual debt service
- $215K
- Cash flow needed (1.25×)
- $268K
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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- Red Roof Inn of Melvindale in Melvindale, MI — $2.6M (2024) · purchase · First Western SBLC, Inc
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.9M (75%)
- Approval → funding
- 19 days
- Approved
- 12/9/2023
- First disbursed
- 12/28/2023
- 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
- $2.9M
- Est. down payment (10%)
- $288K
- Est. cash at closing
- $397K
- Monthly payment
- $22,611
- Annual debt service
- $271K
- Cash flow needed (1.25×)
- $339K
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
Your business? Claim this record · Request removal
- BIN Hotel Group, LLC in Van Buren Twp, MI — $2.1M (2023) · purchase · Shoreham Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.6M (75%)
- Approval → funding
- 12 days
- Approved
- 1/25/2023
- First disbursed
- 2/6/2023
- 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
- $2.4M
- Est. down payment (10%)
- $236K
- Est. cash at closing
- $325K
- Monthly payment
- $17,833
- 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 →
Your business? Claim this record · Request removal
- Pratapgad LLC in Saginaw, MI — $1.4M (2023) · Enterprise Bank & Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 3 days
- Approved
- 1/23/2023
- First disbursed
- 1/26/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 13
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Enterprise Bank & Trust · Lender record →
Your business? Claim this record · Request removal
- Shree Piyaji Corporation in Grand Rapids, MI — $4.7M (2022) · Shoreham Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.5M (75%)
- Approval → funding
- 24 days
- Approved
- 12/28/2021
- First disbursed
- 1/21/2022
- Loan status
- Paid in full (5/31/2024)
- 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 Shoreham Bank · Lender record →
Your business? Claim this record · Request removal
- ASHT Laxmi LLC in Orion, MI — $3.0M (2022) · Shoreham Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.2M (75%)
- Approval → funding
- 7 days
- Approved
- 2/24/2022
- First disbursed
- 3/3/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Shoreham Bank · Lender record →
Your business? Claim this record · Request removal
- Whitehall Hotel, LLC in Whitehall, MI — $1.9M (2020) · Shoreham Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.5M (75%)
- Approved
- 12/17/2019
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Unanswered
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Shoreham Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Red Roof Inn 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 Red Roof Inn loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Red Roof Inn 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. Shoreham Bank funds the most here. DealRoom is not a lender.
- $2.5M typical Red Roof Inn loan
- 3 lenders active in Michigan
- 7+ funded Michigan deals
- 17 days typical to fund
Buyers buying a Red Roof Inn 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.
- 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.