Main Street Registry

Sleep Inn Naperville

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

Sleep Inn Naperville is a hotel business in Naperville, Illinois, classified under NAICS 721110 for hotels (except casino hotels) and motels, and operates as a Sleep Inn franchise. The business financed real estate or equipment through an SBA 504 loan of $2,221,000, approved on October 14, 2023, with Mission Valley Bank as the lender and SomerCor 504, Inc. as the certified development company.

SBA 504 loan, approved Oct 14, 2023

$2,221,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,221,000
Bank portion
$3,101,850
Estimated project size
$5,914,278 (estimated)
Estimated owner equity
$591,428 (estimated, about 10% of the project)
Bank lender
Mission Valley Bank, Sun Valley, CA
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 14, 2048 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Sleep Inn by Choice Hotels/Sleep Inn & Suites by Choice Hotels
Project location
Dupage County, IL
SBA district office
Illinois District Office
Congressional district
IL-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 39% 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 Illinois: $2,310,827.

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