Main Street Registry

Best Western Plus O'Hare International South Hotel

Franklin Park, IL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Best Western Plus O'Hare International South Hotel, located in Franklin Park, Illinois, operates in the hotels (except casino hotels) and motels industry. The business financed real estate or equipment through an SBA 504 loan with a SBA portion of $2,262,000, approved on November 24, 2025, through First Bank of the Lake and SomerCor 504, Inc., and the loan supports 2 jobs and is a franchised business.

SBA 504 loan, approved Nov 24, 2025

$2,262,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,262,000
Bank portion
$2,200,000
Estimated project size
$4,957,778 (estimated)
Estimated owner equity
$495,778 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
SomerCor 504, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 24, 2050 (estimated, approval date plus term)
First disbursement
Feb 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-5
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 41% 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 Illinois: $2,310,827.

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 Illinois