Main Street Registry

Motel Sun Inn

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

Motel Sun Inn, located in Winthrop Harbor, Illinois, operates in the hotels and motels industry (NAICS 721110). The business was financed with an SBA 7(a) loan for a change of ownership of $790,000, approved on June 24, 2025 by First Western SBLC, LLC d/b/a Peachtree Group.

SBA 7(a) loan, change of ownership, approved Jun 24, 2025

$790,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$790,000
SBA-guaranteed amount
$592,500 (75% of the approval)
Lender
First Western SBLC, LLC d/b/a Peachtree Group, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
June 24, 2050 (estimated, approval date plus term)
Estimated monthly payment
$6,630 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 9, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Lake County, IL
SBA district office
Illinois District Office
Congressional district
IL-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 3% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in Illinois: $1,796,780.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois