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Tuscola Hotel Management, Inc.

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

Tuscola Hotel Management, Inc. is a hotel business in Tuscola, Illinois, in the hotels and motels industry (NAICS 721110), and operates under a Holiday Inn Express franchise. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4,727,900, approved by GBank with an approval date of June 29, 2026.

SBA 7(a) loan, change of ownership, approved Jun 29, 2026

$4,727,900 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,727,900
SBA-guaranteed amount
$3,545,925 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
June 29, 2051 (estimated, approval date plus term)
Estimated monthly payment
$36,491 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 8, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Douglas County, IL
SBA district office
Illinois District Office
Congressional district
IL-15
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 73% 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