SBA lending record
SUMMERHILL MANAGEMENT Inc.
200 University Ave, Crookston, MN 56716 · 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
2
Loans on record
FY2026
On record
24
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$1,255,000 — FY2026
Loan 1 of 2- Gross approval
- $1,255,000
- SBA guaranteed
- $941,250 (75%)
- Status
- Cancelled
- Rate at approval
- 8.75% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 1/22/2026
- Collateral
- Required
- Jobs supported
- 12
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Lender
- Readycap Lending, LLC
- Address
- 200 University Ave
- City
- Crookston, 56716
- County
- Polk
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
$1,255,000 — FY2026
Loan 2 of 2- Gross approval
- $1,255,000
- SBA guaranteed
- $941,250 (75%)
- Status
- Committed
- Rate at approval
- 8.75% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/24/2026
- Collateral
- Required
- Jobs supported
- 12
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Lender
- Readycap Lending, LLC
- Address
- 200 University Ave
- City
- Crookston, 56716
- County
- Polk
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
The lender
Readycap Lending, LLC
2 loans to this businessFull SBA lending record + branches on the lender page →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.
CROOKSTON HOSPITALITY MANAGEMENT LLC
Crookston, MN· ~4 mi
Hotels (except Casino Hotels) and Motels
- $2.2M
- SBA financing
- ≈ $4.4M–$7.3M
- Est. revenue (rough)
Ganesh Hospitality, Inc.
Thief River Falls, MN· ~31 mi
Quality Inn by Choice Hotels /Quality Inn & Suites by Choice
- $2.1M
- SBA financing
- ≈ $4.1M–$6.8M
- Est. revenue (rough)
RED RIVER LODGING, LLC
Fargo, ND· ~61 mi
Hotels (except Casino Hotels) and Motels
- $2.3M
- SBA financing
- ≈ $4.5M–$7.5M
- Est. revenue (rough)
STEALTH INVEST 5 LLC
Thief River Falls, MN· ~31 mi
Americas Best Value Inn
- $1.5M
- SBA financing
- ≈ $2.9M–$4.8M
- Est. revenue (rough)
Kangaroo Hospitality LLC
Fargo, ND· ~63 mi
AmericInn by Wyndham
- $2.4M
- SBA financing
- ≈ $4.7M–$7.9M
- Est. revenue (rough)
Krishna Hospitality, Inc.
Thief River Falls, MN· ~31 mi
Americas Best Value Inn
- $1.4M
- SBA financing
- ≈ $2.7M–$4.5M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for SUMMERHILL MANAGEMENT Inc. in Crookston, MN (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 $2.5M
- On record FY2026
- 24 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Crookston, MN
- Lender: Readycap Lending, LLC
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 MN for ~$1.3M 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 2026-06-18.
- 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 SUMMERHILL MANAGEMENT Inc..