Main Street Registry

Holland Inn, Inc.

Holland, MI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holland Inn, Inc. is a hotel and motel business in Holland, Michigan, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company financed real estate or equipment through an SBA 504 loan of $1,040,000, approved on December 3, 2025, through lender Grand Ridge National Bank with Great Lakes Commercial Finance as the certified development company.

SBA 504 loan, approved Dec 3, 2025

$1,040,000 SBA portionCDC: Great Lakes Commercial Finance25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,040,000
Bank portion
$1,544,000
Estimated project size
$2,871,111 (estimated)
Estimated owner equity
$287,111 (estimated, about 10% of the project)
Bank lender
Grand Ridge National Bank, Wheaton, IL
CDC
Great Lakes Commercial Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 3, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Inn, Comfort Inn & Suites & Comfort Suites
Project location
Ottawa County, MI
SBA district office
Michigan District Office
Congressional district
MI-2
Collateral
Yes

Estimated share of project by source

Bank 54% SBA (CDC) 36% Owner 10%

  • Larger than 2% 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 Michigan: $2,050,489.

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 Michigan