Main Street Registry

Courtyard by Marriott Bloomington Normal

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

Courtyard by Marriott Bloomington Normal is located in Normal, IL, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($2,339,000 SBA portion) on March 31, 2026 to finance real estate or equipment.

SBA 504 loan, approved Mar 31, 2026

SBA (CDC) portion
$2,339,000
Bank portion
$3,250,000
Estimated project size
$6,210,000 (estimated)
Estimated owner equity
$621,000 (estimated, about 10% of the project)
Bank lender
Midland States Bank, Effingham, IL
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 31, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Courtyard by Marriott
Project location
Mclean County, IL
SBA district office
Illinois District Office
Congressional district
IL-13
Collateral
Yes

Estimated share of project by source

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

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