Main Street Registry

Malhar Hospitality LLC

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

Malhar Hospitality LLC, located in South Holland, IL, operates in the hotels (except casino hotels) and motels industry, NAICS 721110. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,194,000, approved on July 10, 2025 by Readycap Lending, LLC, and the loan is reported with 8 jobs.

SBA 7(a) loan, change of ownership, approved Jul 10, 2025

$3,194,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,194,000
SBA-guaranteed amount
$2,395,500 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
July 10, 2050 (estimated, approval date plus term)
Estimated monthly payment
$26,259 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 22, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 51% 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.

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Same industry in Illinois