SBA lending record
Shaka Hotels LLC
3326 Cassopolis St, Elkhart, IN 46514 · 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.
$3.1M
Total SBA financing
1
Loan on record
FY2024
On record
28
Jobs supported
Franchise brand
Best Western / Best Western Plus - Membership Agreement
See Best Western / Best Western Plus - Membership Agreement'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 Shaka Hotels LLC 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
$3,108,000 — FY2024
- Gross approval
- $3,108,000
- SBA guaranteed
- $2,331,000 (75%)
- Status
- Current
- Rate at approval
- 9.75% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 8/26/2024
- First disbursement
- 8/30/2024
- Days to fund
- 4 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 28
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Franchise
- Best Western / Best Western Plus - Membership Agreement
- Franchise code
- S2125
- Lender
- GBank
- Address
- 3326 Cassopolis St
- City
- Elkhart, 46514
- County
- Elkhart
- SBA district office
- INDIANA DISTRICT OFFICE
- Congressional district
- 2
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 Best Western / Best Western Plus - Membership Agreement locations
Other Best Western / Best Western Plus - Membership Agreement businesses in the public SBA record — closest first, by location and deal size.
BEST WESTERN ELKHART
Elkhart, IN· ~0 mi
Best Western / Best Western Plus - Membership Agreement
- $2.9M
- SBA financing
- ≈ $5.6M–$9.3M
- Est. revenue (rough)
Sai Kabj LLC
Mishawaka, IN· ~11 mi
Best Western / Best Western Plus - Membership Agreement
- $2.7M
- SBA financing
- ≈ $5.2M–$8.7M
- Est. revenue (rough)
BENTON HARBOR CORPORATION
Benton Harbor, MI· ~33 mi
Best Western / Best Western Plus - Membership Agreement
- $3.5M
- SBA financing
- ≈ $7.0M–$12M
- Est. revenue (rough)
SHIVKANERI LLC
Valparaiso, IN· ~60 mi
Best Western / Best Western Plus - Membership Agreement
- $2.8M
- SBA financing
- ≈ $5.5M–$9.2M
- Est. revenue (rough)
Shree Raj Hotels LLC
Muncie, IN· ~109 mi
Best Western / Best Western Plus - Membership Agreement
- $3.4M
- SBA financing
- ≈ $6.6M–$11M
- Est. revenue (rough)
Purandar LLC
Maumee, OH· ~118 mi
Best Western / Best Western Plus - Membership Agreement
- $2.5M
- SBA financing
- ≈ $4.9M–$8.2M
- 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.
A & K MOTEL LLC
Elkhart, IN· ~1 mi
Hotels (except Casino Hotels) and Motels
- $3.5M
- SBA financing
- ≈ $6.8M–$11M
- Est. revenue (rough)
ELKHART LODGING, LLC
Elkhart, IN· ~1 mi
Red Roof Inn
- $3.0M
- SBA financing
- ≈ $5.8M–$9.7M
- Est. revenue (rough)
SIKOMA LLC
Elkhart, IN· ~1 mi
Quality Inn by Choice Hotels /Quality Inn & Suites by Choice
- $1.9M
- SBA financing
- ≈ $3.7M–$6.2M
- Est. revenue (rough)
Jay Amarnath Group LLC
Elkhart, IN· ~0 mi
Motel 6
- $1.8M
- SBA financing
- ≈ $3.6M–$6.0M
- Est. revenue (rough)
345 WINDSOR INC
Elkhart, IN· ~1 mi
Super 8 by Wyndhan
- $6.8M
- SBA financing
- ≈ $13M–$22M
- Est. revenue (rough)
ARMM Group Hospitality Inc
South Bend, IN· ~14 mi
SureStay
- $3.5M
- SBA financing
- ≈ $6.8M–$11M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Shaka Hotels LLC in Elkhart, IN (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 $3.1M
- On record FY2024
- 28 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Elkhart, IN
- Lender: 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 IN for ~$3.1M 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 Shaka Hotels LLC.