Main Street Registry

Angel Corporation of Michigan Inc

Kalamazoo, MI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Angel Corporation of Michigan Inc is a hotel and motel business in Kalamazoo, Michigan, classified under the industry Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership, approved on August 8, 2025, with Celtic Bank Corporation as the lender, and the loan is listed with franchise affiliations including Quality Inn and Quality Inn & Suites.

SBA 7(a) loan, change of ownership, approved Aug 8, 2025

$1,832,000 approvedLender: Celtic Bank Corporation25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,832,000
SBA-guaranteed amount
$1,374,000 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
August 8, 2050 (estimated, approval date plus term)
Estimated monthly payment
$16,326 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Kalamazoo County, MI
SBA district office
Michigan District Office
Congressional district
MI-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 20% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in Michigan: $1,645,728.

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 Michigan