Main Street Registry

Horizon Lodging Ventures LLC

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

Horizon Lodging Ventures LLC is located in Peru, IL, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $2,400,000 for a change of ownership on July 14, 2026.

SBA 7(a) loan, change of ownership, approved Jul 14, 2026

Gross approval
$2,400,000
SBA-guaranteed amount
$1,800,000 (75% of the approval)
Lender
Peru Federal Savings Bank, Peru, IL
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
July 14, 2051 (estimated, approval date plus term)
Estimated monthly payment
$19,731 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 29, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Super 8 by Wyndhan / Super 8
Project location
La Salle County, IL
SBA district office
Illinois District Office
Congressional district
IL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
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 Illinois