Main Street Registry

Shiven 23 LLC

East Troy, WI · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shiven 23 LLC is located in East Troy, WI, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 7(a) loan of $2,935,000 for a change of ownership on February 6, 2024.

SBA 7(a) loan, change of ownership, approved Feb 6, 2024

Gross approval
$2,935,000
SBA-guaranteed amount
$2,201,250 (75% of the approval)
Lender
IncredibleBank, Wausau, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
February 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$25,643 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 23, 2024
Loan status
Paid in full
Jobs supported
7
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Walworth County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Wisconsin