How to finance a Ascend Hotel Collection by Choice in Illinois

State:

California (3)Georgia (2)Louisiana (1)Montana (1)New York (1)North Carolina (1)Oregon (1)South Carolina (1)Texas (1)

The SBA 7(a) lenders funding the most Ascend Hotel Collection by Choice deals in Illinois, from public loan records — typical Ascend Hotel Collection by Choice loan about $3.4M. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Ascend Hotel Collection by Choice in Illinois

$2.80M

Typical loan

range $2.80M–$2.80M

$3.11M

Est. purchase price

≈ loan ÷ 90%

$429,361

Cash to close

$311,111 down + fees

$36,231/mo

Typical payment

~9.5% · 10yr

$499,988/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

Lenders competing

more = leverage

9.75%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Ascend Hotel Collection by Choice in Illinois

Ranked by funded Ascend Hotel Collection by Choice loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.

1.9 loans · $24M · Houston, TXFull record →

1+ funded Ascend Hotel Collection by Choice in Illinois deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

AMBE HOTELS PEORIA LLC in Peoria, IL — $2.8M (2024) · purchase · Global One Bank
Program
Preferred Lenders Program
Rate at approval
9.75% variable
Term
300 mo (25 yrs)
SBA guaranteed
$2.1M (75%)
Approved
9/10/2024
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
12
Business age
Change of Ownership
Industry
Hotels (except Casino Hotels) and Motels
If you were the buyer here
Est. deal size
$3.1M
Est. down payment (10%)
$311K
Est. cash at closing
$429K
Monthly payment
$24,952
Annual debt service
$299K
Cash flow needed (1.25×)
$374K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Global One Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Ascend Hotel Collection by Choice in Illinois? Start with a lender that funds them here

We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

CapBench analysis of public SBA 7(a) lending records; ranked by funded Ascend Hotel Collection by Choice loans with a Illinois project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Ascend Hotel Collection by Choice purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. Global One Bank funds the most here. CapBench is not a lender.

$3.4M typical Ascend Hotel Collection by Choice loan
1 lenders active in Illinois
1+ funded Illinois deals

Buyers buying a Ascend Hotel Collection by Choice in Illinois typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All Ascend Hotel Collection by Choice lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-08-02.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/ascend-hotel-collection-by-choice/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=ascend-hotel-collection-by-choice&state=IL
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.