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Matruchhaya Hotel Inc

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

Matruchhaya Hotel Inc, located in Calumet City, Illinois, operates in the hotels and motels industry (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership of $4.9 million, approved on January 31, 2025 by Citizens Bank.

SBA 7(a) loan, change of ownership, approved Jan 31, 2025

$4,900,000 approvedLender: Citizens Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,900,000
SBA-guaranteed amount
$3,675,000 (75% of the approval)
Lender
Citizens Bank, Elizabethton, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
January 31, 2050 (estimated, approval date plus term)
Estimated monthly payment
$43,666 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
13
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 75% 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