Main Street Registry

Country Inn & Suites

Fergus Falls, MN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Country Inn & Suites in Fergus Falls, Minnesota operates in the hotels and motels industry (NAICS 721110) and is a franchised location. The company was financed with an SBA 7(a) loan for a change of ownership of $3,605,000 from US Metro Bank, approved on January 30, 2026.

SBA 7(a) loan, change of ownership, approved Jan 30, 2026

$3,605,000 approvedLender: US Metro Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,605,000
SBA-guaranteed amount
$2,703,750 (75% of the approval)
Lender
US Metro Bank, Garden Grove, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
January 30, 2051 (estimated, approval date plus term)
Estimated monthly payment
$27,824 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 24, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Country Inn and Suites by Radisson
Project location
Otter Tail County, MN
SBA district office
Minnesota District Office
Congressional district
MN-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 57% 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 Minnesota: $1,482,119.

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 Minnesota