Main Street Registry

Sikoma LLC

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

Sikoma LLC is a hotel and motel operator in Elkhart, Indiana, in the industry classified as Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership of $1.9 million, approved by GBank on September 17, 2024, with 10 jobs reported and a franchise affiliation listed as Quality Inn and Quality Inn & Suites.

SBA 7(a) loan, change of ownership, approved Sep 17, 2024

Gross approval
$1,892,000
SBA-guaranteed amount
$1,419,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
September 17, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,860 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Elkhart County, IN
SBA district office
Indiana District Office
Congressional district
IN-02
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 Indiana