SBA 7(a)Current

Hotel Royal Oak

Royal Oak, MITowneBankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$2,395,800

PROGRAM

SBA 7(a)

25 years term

APPROVED

2023-05-19

10.25% rate

JOBS SUPPORTED

Borrower-reported

Loan details & location

LOCATION

Royal Oak, MI 48067

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

10.25%

LOAN STATUS

Current

Royal Oak, MI 48067

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