Hotels & Lodging · lender intelligence
How to finance a Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote in Illinois
The SBA 7(a) lenders funding the most Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote deals in Illinois, from public loan records — typical Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote loan about $3.0M. A bank already funding the brand in your state knows it twice over.
Most active with Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote in Illinois
Ranked by funded Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote 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 →
- 2.2 loans · $1M · Pana, ILFull record →
7+ funded Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote 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 HOTELS LLC in Danville, IL — $4.2M (2025) · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.1M (75%)
- Approval → funding
- 13 days
- Approved
- 8/22/2025
- First disbursed
- 9/4/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by GBank · Lender record →
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- JAY NILKANTH LLC in Tinley Park, IL — $4.8M (2024) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.6M (75%)
- Approval → funding
- 14 days
- Approved
- 7/9/2024
- First disbursed
- 7/23/2024
- 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
- $5.4M
- Est. down payment (10%)
- $538K
- Est. cash at closing
- $744K
- Monthly payment
- $42,304
- Annual debt service
- $508K
- Cash flow needed (1.25×)
- $635K
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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- IL HOSPITALITY LLC in Lansing, IL — $3.7M (2022) · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.75% variable
- Term
- 299 months
- SBA guaranteed
- $2.8M (75%)
- Approval → funding
- 3 days
- Approved
- 8/29/2022
- First disbursed
- 9/1/2022
- Loan status
- In liquidation
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 1
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by GBank · Lender record →
Your business? Claim this record · Request removal
- SINGH BROTHERS SLEEP INN LLC in Decatur, IL — $2.6M (2021) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.4M (90%)
- Approved
- 8/27/2021
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $2.9M
- Est. down payment (10%)
- $292K
- Est. cash at closing
- $403K
- Monthly payment
- $15,772
- Annual debt service
- $189K
- Cash flow needed (1.25×)
- $237K
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
- SINGH BROTHERS HOTEL LLC in Decatur, IL — $2.6M (2021) · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.3M (90%)
- Approval → funding
- 33 days
- Approved
- 9/9/2021
- First disbursed
- 10/12/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 3
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by GBank · Lender record →
Your business? Claim this record · Request removal
- DREAM STAY LLC in Peoria, IL — $1.3M (2020) · purchase · GBank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $975K (75%)
- Approved
- 7/10/2020
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $1.4M
- Est. down payment (10%)
- $144K
- Est. cash at closing
- $198K
- Monthly payment
- $7,790
- Annual debt service
- $93K
- Cash flow needed (1.25×)
- $117K
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
- SNMP Inc in Decatur, IL — $1.0M (2020) · Peoples Bank & Trust
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4.73% variable
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $500K (50%)
- Approval → funding
- 2 days
- Approved
- 9/23/2020
- First disbursed
- 9/25/2020
- Loan status
- Paid in full (10/31/2021)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 19
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Peoples Bank & Trust · Lender record →
Your business? Claim this record · Request removal
Buying a Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote 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 Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote 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.
- $3.0M typical Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote loan
- 2 lenders active in Illinois
- 7+ funded Illinois deals
- 13 days typical to fund
Buyers buying a Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hote 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: