SBA lending record
Lila, Inc.
4375 Brudy Road, Indian River, MI 49749 · 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.
$2.9M
Total SBA financing
2
Loans on record
FY2020–24
On record
16
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$1,485,000 — FY2024
Loan 1 of 2- Gross approval
- $1,485,000
- SBA guaranteed
- $1,113,750 (75%)
- Status
- Current
- Rate at approval
- 9.5% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 1/21/2024
- First disbursement
- 1/30/2024
- Days to fund
- 9 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Lender
- GBank
- Address
- 4375 BRUDY RD
- City
- Indian River, 49749
- County
- Cheboygan
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 1
$1,400,000 — FY2020
Loan 2 of 2- Gross approval
- $1,400,000
- SBA guaranteed
- $1,050,000 (75%)
- Status
- Paid in full
- Rate at approval
- 5.5% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/2/2020
- First disbursement
- 9/30/2020
- Days to fund
- 28 days
- Paid in full
- 2/29/2024
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 14
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Lender
- Shoreham Bank
- Address
- 4375 Brudy Road
- City
- Indian River, 49749
- County
- Cheboygan
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 1
The lenders
Find SBA lenders for businesses like this
The banks most active funding hotels (except casino hotels) and motels — by location, industry.
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.
MAHANT CANTON LLC
Gaylord, MI· ~25 mi
Travelodge by Wyndham
- $2.3M
- SBA financing
- ≈ $4.5M–$7.5M
- Est. revenue (rough)
Stargate Motel IR LLC
Indian River, MI· ~1 mi
Hotels (except Casino Hotels) and Motels
- $616K
- SBA financing
- ≈ $1.2M–$2.0M
- Est. revenue (rough)
Ignace Hotel LLC
Saint Ignace, MI· ~35 mi
Budget Host Inns
- $2.5M
- SBA financing
- ≈ $4.8M–$8.0M
- Est. revenue (rough)
Bridgeview Lodging, LLC
Saint Ignace, MI· ~36 mi
Super 8 by Wyndhan
- $2.5M
- SBA financing
- ≈ $4.8M–$8.0M
- Est. revenue (rough)
Charlevoix Hotel, Inc.
Charlevoix, MI· ~30 mi
AmericInn by Wyndham
- $2.0M
- SBA financing
- ≈ $4.0M–$6.7M
- Est. revenue (rough)
ARD Mahant, LLC
Gaylord, MI· ~25 mi
Travelodge by Wyndham
- $4.8M
- SBA financing
- ≈ $9.3M–$16M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Lila, Inc. in Indian River, 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.
- 2 SBA 7(a) loans totaling $2.9M
- On record FY2020–24
- 16 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Indian River, MI
- Lenders: Shoreham Bank, GBank
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 ~$1.4M 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 Lila, Inc..