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ARMM Group Hospitality Inc

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

ARMM Group Hospitality Inc is a hotel business in South Bend, Indiana, in the hotels (except casino hotels) and motels industry. It was financed with an SBA 7(a) loan for a change of ownership totaling $3,462,000, approved on February 17, 2026 by Byline Bank, and the loan is associated with a SureStay Studio franchise.

SBA 7(a) loan, change of ownership, approved Feb 17, 2026

$3,462,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,462,000
SBA-guaranteed amount
$2,596,500 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
February 17, 2051 (estimated, approval date plus term)
Estimated monthly payment
$30,247 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 13, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
SureStay - SureStay Studio
Project location
St Joseph County, IN
SBA district office
Indiana District Office
Congressional district
IN-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 55% 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 Indiana: $1,995,900.

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