Main Street Registry

Americinn by Wyndham Detroit Lakes

Detroit Lakes, MN · Hotels (except Casino Hotels) and Motels · NAICS 721110

AmericInn by Wyndham Detroit Lakes is a hotel and motel business located in Detroit Lakes, Minnesota, classified under NAICS code 721110 for hotels (except casino hotels) and motels. The business financed real estate or equipment through an SBA 504 loan of $1,115,000, approved on July 22, 2025, with Midwest Bank as the lender and Midwest Business Finance Corporation as the certified development company.

SBA 504 loan, approved Jul 22, 2025

$1,115,000 SBA portionCDC: Midwest Business Finance Corporation20 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,115,000
Bank portion
$1,550,000
Estimated project size
$2,961,111 (estimated)
Estimated owner equity
$296,111 (estimated, about 10% of the project)
Bank lender
Midwest Bank, Detroit Lakes, MN
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
July 22, 2045 (estimated, approval date plus term)
First disbursement
Dec 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
AmericInn by Wyndham
Project location
Becker County, MN
SBA district office
Minnesota District Office
Congressional district
MN-7
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 5% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in Minnesota: $2,136,981.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Minnesota