Main Street Registry

HRS Hospitality Group LLC

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

HRS Hospitality Group LLC, located in Aurora, Illinois, operates in the hotels (except casino hotels) and motels industry. The company was approved for an SBA 504 loan of $5,168,000 from Midland States Bank on June 26, 2025, with SomerCor 504, Inc. as the certified development company. The loan is listed as not yet funded.

SBA 504 loan, approved Jun 26, 2025

$5,168,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,168,000
Bank portion
$8,427,200
Estimated project size
$15,105,778 (estimated)
Estimated owner equity
$1,510,578 (estimated, about 10% of the project)
Bank lender
Midland States Bank, Effingham, IL
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 26, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
25
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Kane County, IL
SBA district office
Illinois District Office
Congressional district
IL-11
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 96% 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