Main Street Registry

Manasvi Hospitality LLC

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

Manasvi Hospitality LLC is a hotel business in Schaumburg, Illinois, in the Hotels (except Casino Hotels) and Motels industry. The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on September 25, 2025, by Merchants Bank of Indiana. The loan is associated with a Comfort Suites by Choice Hotels franchise.

SBA 7(a) loan, change of ownership, approved Sep 25, 2025

$5,000,000 approvedLender: Merchants Bank of Indiana306 months termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Merchants Bank of Indiana, Carmel, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years, 6 months (306 months)
Estimated maturity
March 25, 2051 (estimated, approval date plus term)
Estimated monthly payment
$40,034 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 24, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Suites by Choice Hotels
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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