Main Street Registry

Ik Onkar Hospitality LLC

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

Ik Onkar Hospitality LLC is a hotel and motel operator in Indianapolis, Indiana, in the NAICS category for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,494,000, approved on March 25, 2026, with First Bank of the Lake as the lending bank and Premier Capital Corporation as the certified development company.

SBA 504 loan, approved Mar 25, 2026

$1,494,000 SBA portionCDC: Premier Capital Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,494,000
Bank portion
$2,075,000
Estimated project size
$3,965,556 (estimated)
Estimated owner equity
$396,556 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
Premier Capital Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 25, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Marion County, IN
SBA district office
Indiana District Office
Congressional district
IN-7
Collateral
Yes

Estimated share of project by source

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

  • Larger than 20% 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 Indiana: $2,227,963.

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