Main Street Registry

Sunbeam Hospitality Inc.

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

Sunbeam Hospitality Inc. is a hotel and motel business in Rockford, Illinois, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,048,000, approved on July 17, 2025, by lender GBank. The business operates as an Econo Lodge franchise by Choice Hotels, and the loan is reported with 14 jobs.

SBA 7(a) loan, change of ownership, approved Jul 17, 2025

$3,048,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,048,000
SBA-guaranteed amount
$2,286,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
July 17, 2050 (estimated, approval date plus term)
Estimated monthly payment
$25,059 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels
Project location
Winnebago County, IL
SBA district office
Illinois District Office
Congressional district
IL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 48% 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