Ram Hotel Group Inc

1908 N Lincoln Ave, Urbana, IL 61801 · Hotels (except Casino Hotels) and Motels (NAICS 721110)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

1

Total Amount

$1.8M

Jobs Supported

4

Years Active

2020

Loan History (1)

Source: SBA FOIA
7(a)$1,800,000
Paid in Full
Approved
Dec 18, 2019 (FY2020)
SBA Guaranteed
$1,350,000 (75%)
Term
300 months (25.0 yrs)
Interest Rate
6.50%
Revolver
0
Jobs Supported
4
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Hotels (except Casino Hotels) and Motels (NAICS 721110)
Paid in Full
Mar 31, 2024

Lender

Busey Bank

100 W University Ave, Champaign, IL 61820

Project Location

Champaign County, IL

Business Details

Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
NAICS Code
721110 Hotels (except Casino Hotels) and Motels
Address
1908 N Lincoln Ave
Urbana, IL 61801

Lender

Busey Bank
100 W University Ave, Champaign, IL 61820

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