Main Street Registry

Apex 2024 LLC

Merrillville, IN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Apex 2024 LLC is located in Merrillville, IN, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $620,000 for a change of ownership on April 8, 2025.

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

Gross approval
$620,000
SBA-guaranteed amount
$465,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
April 8, 2050 (estimated, approval date plus term)
Estimated monthly payment
$5,525 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 23, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Lake County, IN
SBA district office
Indiana District Office
Congressional district
IN-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Indiana