Main Street Registry

Neelkanth Abajee Hospitality LLC

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

Neelkanth Abajee Hospitality LLC, located in Sycamore, Illinois, operates in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan of $1,098,000 (SBA portion), approved on May 28, 2025, with Celtic Bank Corporation as the lender and Small Business Growth Corporation as the certified development company. The business is affiliated with the Best Western franchise system.

SBA 504 loan, approved May 28, 2025

$1,098,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,098,000
Bank portion
$2,230,000
Estimated project size
$3,697,778 (estimated)
Estimated owner equity
$369,778 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 28, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Dekalb County, IL
SBA district office
Illinois District Office
Congressional district
IL-14
Collateral
Yes

Estimated share of project by source

Bank 60% SBA (CDC) 30% Owner 10%

  • Larger than 4% 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