SBA lending record
Ignace Hotel LLC
700 N. State Street, Saint Ignace, MI 49781 · Hotels (except Casino Hotels) and Motels. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$2.5M
Total SBA financing
1
Loan on record
FY2021
On record
16
Jobs supported
Franchise brand
Budget Host Inns
See Budget Host Inns's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
Is Ignace Hotel LLC your business?
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The loan
$2,450,000 — FY2021
- Gross approval
- $2,450,000
- SBA guaranteed
- $2,205,000 (90%)
- Status
- Current
- Rate at approval
- 5.25% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/1/2021
- First disbursement
- 2/5/2021
- Days to fund
- 4 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 16
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Franchise
- Budget Host Inns
- Franchise code
- S0267
- Lender
- Shoreham Bank
- Address
- 700 N. State Street
- City
- Saint Ignace, 49781
- County
- Mackinac
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 1
The lender
Find SBA lenders for businesses like this
The banks most active funding hotels (except casino hotels) and motels — by location, industry, and brand.
Other Budget Host Inns locations
Other Budget Host Inns businesses in the public SBA record — closest first, by location and deal size.
Balaji Krupa Inc.
Cincinnati, OH· ~465 mi
Budget Host Inns
- $1.4M
- SBA financing
- ≈ $2.7M–$4.4M
- Est. revenue (rough)
Yield Hospitality LLC
Houston, TX· ~1264 mi
Budget Host Inns
- $1.6M
- SBA financing
- ≈ $3.1M–$5.2M
- Est. revenue (rough)
Priya Krish LLC
Charleston, WV· ~547 mi
Budget Host Inns
- $1.1M
- SBA financing
- ≈ $2.2M–$3.7M
- Est. revenue (rough)
Sakshi Hospitality LLC
Bechtelsville, PA· ~597 mi
Budget Host Inns
- $775K
- SBA financing
- ≈ $1.5M–$2.5M
- Est. revenue (rough)
Similar businesses
Comparable hotels (except casino hotels) and motels in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Bridgeview Lodging, LLC
Saint Ignace, MI· ~3 mi
Super 8 by Wyndhan
- $2.5M
- SBA financing
- ≈ $4.8M–$8.0M
- Est. revenue (rough)
MADHAVA HOSPITALITY INC
Mackinaw City, MI· ~8 mi
Hotels (except Casino Hotels) and Motels
- $2.0M
- SBA financing
- ≈ $3.9M–$6.6M
- Est. revenue (rough)
Lila, Inc.
Indian River, MI· ~35 mi
Hotels (except Casino Hotels) and Motels
- $2.9M
- SBA financing
- ≈ $5.7M–$9.4M
- Est. revenue (rough)
G & T HOSPITALITY LLC
Mackinaw City, MI· ~6 mi
Hotels (except Casino Hotels) and Motels
- $925K
- SBA financing
- ≈ $1.8M–$3.0M
- Est. revenue (rough)
Charlevoix Hotel, Inc.
Charlevoix, MI· ~44 mi
AmericInn by Wyndham
- $2.0M
- SBA financing
- ≈ $4.0M–$6.7M
- Est. revenue (rough)
Best Lodging LLC
Sault Sainte Marie, MI· ~44 mi
Best Western / Best Western Plus - Membership Agreement
- $3.1M
- SBA financing
- ≈ $6.2M–$10M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Ignace Hotel LLC in Saint Ignace, MI (Hotels (except Casino Hotels) and Motels). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $2.5M
- On record FY2021
- 16 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Saint Ignace, MI
- Lender: Shoreham Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Hotels (except Casino Hotels) and Motels businesses in MI for ~$2.5M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Ignace Hotel LLC.