Main Street Registry

Girdhar Hotels LLC

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

Girdhar Hotels LLC is located in Peoria, IL, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $2,621,200 for a change of ownership on April 2, 2026.

SBA 7(a) loan, change of ownership, approved Apr 2, 2026

Gross approval
$2,621,200
SBA-guaranteed amount
$1,965,900 (75% of the approval)
Lender
Merchants Bank of Indiana, Carmel, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years, 3 months (303 months)
Estimated maturity
July 2, 2051 (estimated, approval date plus term)
Estimated monthly payment
$20,168 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Suites by Choice Hotels
Project location
Peoria County, IL
SBA district office
Illinois District Office
Congressional district
IL-17
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 Illinois