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SBA 7(a)Committed, not yet disbursed

Baymont Inn and Suites Alspin

ALSIP, ILEnterprise Bank & TrustHotels (except Casino Hotels) and Motels · NAICS 721110
APPROVAL AMOUNT
$4,999,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-06-22
7.75% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$37,759
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$6,328,665
over 25 yrs
TOTAL REPAID
$11,327,665

Computed from this loan's recorded initial rate and term. Most 7(a) rates are variable and reset with the base rate, so the real schedule drifts from this, and SBA guaranty fees and closing costs are not included. Adjust the assumptions.

Loan details & location

LOCATION
ALSIP, IL 60803
INDUSTRY
Hotels (except Casino Hotels) and Motels · NAICS 721110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
01
ALSIP, IL 60803

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