SBA lending record
Ram Hotel Group Inc
1908 N Lincoln Ave, Urbana, IL 61801 · 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.
$1.8M
Total SBA financing
1
Loan on record
FY2020
On record
4
Jobs supported
Franchise brand
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
See Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho'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 Ram Hotel Group Inc your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
The loan
$1,800,000 — FY2020
- Gross approval
- $1,800,000
- SBA guaranteed
- $1,350,000 (75%)
- Status
- Paid in full
- Rate at approval
- 6.5% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/18/2019
- First disbursement
- 12/31/2019
- Days to fund
- 13 days
- Paid in full
- 3/31/2024
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 4
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Franchise
- Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
- Franchise code
- S0566
- Lender
- Busey Bank
- Address
- 1908 N Lincoln Ave
- City
- Urbana, 61801
- County
- Champaign
- SBA district office
- ILLINOIS DISTRICT OFFICE
- Congressional district
- 13
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 Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho locations
Other Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho businesses in the public SBA record — closest first, by location and deal size.
EKANTIK INC.,
Pekin, IL· ~78 mi
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
- $1.3M
- SBA financing
- ≈ $2.5M–$4.1M
- Est. revenue (rough)
Dream Hospitality LLC
South Holland, IL· ~105 mi
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
- $2.6M
- SBA financing
- ≈ $5.2M–$8.6M
- Est. revenue (rough)
Anjaneya Hotel Inc
Lafayette, IN· ~79 mi
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
- $3.0M
- SBA financing
- ≈ $5.9M–$9.8M
- Est. revenue (rough)
A4 LLC
South Holland, IL· ~105 mi
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
- $1.5M
- SBA financing
- ≈ $3.0M–$5.0M
- Est. revenue (rough)
Shree Akshar Hospitality, Inc
Princeton, IL· ~109 mi
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
- $1.1M
- SBA financing
- ≈ $2.2M–$3.7M
- Est. revenue (rough)
Econo Lodge Fort Knox Radcliff
Radcliff, KY· ~200 mi
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho
- $2.5M
- SBA financing
- ≈ $5.0M–$8.3M
- 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.
SAI PURNA LLC
Champaign, IL· ~1 mi
Hotels (except Casino Hotels) and Motels
- $1.8M
- SBA financing
- ≈ $3.5M–$5.8M
- Est. revenue (rough)
Varniraj Hotels LLC
Urbana, IL· ~0 mi
AmericInn by Wyndham
- $2.7M
- SBA financing
- ≈ $5.3M–$8.9M
- Est. revenue (rough)
Eastland Suites - Urbana, LLC
Urbana, IL· ~1 mi
Hotels (except Casino Hotels) and Motels
- $4.0M
- SBA financing
- ≈ $7.9M–$13M
- Est. revenue (rough)
SHRI SAI HOSPITALITY LLC
Urbana, IL· ~1 mi
Hotels (except Casino Hotels) and Motels
- $650K
- SBA financing
- ≈ $1.3M–$2.1M
- Est. revenue (rough)
S&G 3901 LLC
Champaign, IL· ~2 mi
Country Inn & Suites by Radisson
- $4.2M
- SBA financing
- ≈ $8.2M–$14M
- Est. revenue (rough)
Icon Hospitality
Urbana, IL· ~1 mi
Tapestry Collection by Hilton
- $4.2M
- SBA financing
- ≈ $8.2M–$14M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Ram Hotel Group Inc in Urbana, IL (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 $1.8M
- On record FY2020
- 4 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Urbana, IL
- Lender: Busey 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 IL for ~$1.8M 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 2026-06-24.
- 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 Ram Hotel Group Inc.