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Hotels (except Casino Hotels) and Motels: SBA acquisition loans in Illinois
41 SBA-financed business acquisitions in Illinois classified as Hotels (except Casino Hotels) and Motels, FY2024–FY2026. Median loan $2.8M. See which lenders did them.
- Acquisitions financed
- 41
- Total approved
- $121.8M
- Median loan
- $2.8M
- Middle half of loans
- $2.1M to $4.4M
- Median starting rate
- 9.00%
- Median term
- 25 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | GBank | 21 | 51% | $3.6M | $75.1M |
| 2 | Merchants Bank of Indiana | 4 | 10% | $2.6M | $12.3M |
| 3 | Millennium Bank | 3 | 7% | $2.1M | $5.6M |
| 4 | Centerstone SBA Lending, Inc. | 2 | 5% | $2.9M | $5.9M |
| 5 | Shoreham Bank | 2 | 5% | $2.7M | $5.3M |
| 6 | Peru Federal Savings Bank | 2 | 5% | $1.3M | $2.7M |
| 7 | Midland States Bank | 2 | 5% | $352K | $705K |
| 8 | Citizens Bank | 1 | 2% | $4.9M | $4.9M |
| 9 | Readycap Lending, LLC | 1 | 2% | $3.2M | $3.2M |
| 10 | Global One Bank | 1 | 2% | $2.8M | $2.8M |
| 11 | American Pride Bank | 1 | 2% | $2.5M | $2.5M |
| 12 | First Western SBLC, LLC d/b/a Peachtree Group | 1 | 2% | $790K | $790K |
For comparison, the same industry nationwide: 768 loans, median $3.1M, median starting rate 8.75%. See Hotels (except Casino Hotels) and Motels in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.