Main Street Registry

Days Inn & Suites Morris

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

Days Inn & Suites Morris, located in Morris, Illinois, operates in the hotels and motels industry (NAICS 721110) and is a Days Inn / Days Inn by Wyndham franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3,505,000, with Centerstone SBA Lending, Inc. as the lender and an approval date of May 15, 2025.

SBA 7(a) loan, change of ownership, approved May 15, 2025

$3,505,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,505,000
SBA-guaranteed amount
$2,628,750 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
May 15, 2050 (estimated, approval date plus term)
Estimated monthly payment
$28,223 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 22, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Days Inn / Days Inn by Wyndham
Project location
Grundy County, IL
SBA district office
Illinois District Office
Congressional district
IL-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% 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