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JMK Benton Hospitality Inc

Benton Harbor, MI · Hotels (except Casino Hotels) and Motels · NAICS 721110

JMK Benton Hospitality Inc is a hotel business in Benton Harbor, Michigan, in the hotels (except casino hotels) and motels industry. The company was financed with an SBA 7(a) loan for a change of ownership, approved on July 14, 2025, for $2,220,000 from Shoreham Bank. The loan records list 19 jobs and a Red Roof Inn franchise affiliation.

SBA 7(a) loan, change of ownership, approved Jul 14, 2025

$2,220,000 approvedLender: Shoreham Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,220,000
SBA-guaranteed amount
$1,665,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
July 14, 2050 (estimated, approval date plus term)
Estimated monthly payment
$17,876 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Red Roof Inn
Project location
Berrien County, MI
SBA district office
Michigan District Office
Congressional district
MI-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 30% 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 Michigan: $1,645,728.

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 Michigan