# Delano GrandStay Hotel & Suites, Delano MN: $1,672,000 SBA 504 loan approved 2026-01-26

**Fresh Capital Score:** 55/100

| Field | Value |
|---|---|
| Business | Delano GrandStay Hotel & Suites |
| Location | Delano, MN, 55328 |
| County | WRIGHT |
| Program | SBA 504 |
| Gross approval | $1,672,000 |
| Approved | 2026-01-26 |
| Lender | Midwest Business Finance Corporation |
| Third-party lender | First Independent Bank |
| Term (months) | 300 |
| Industry | Hotels (except Casino Hotels) and Motels |
| NAICS | 721110 |
| Franchise | GrandStay Hotel & Suites |
| Business type | CORPORATION |
| Business age | Startup, Loan Funds will Open Business |
| Jobs supported | 9 |

## Why this score
- Approval of $500K or more.
- New business: still buying services and equipment.
- Franchise (GrandStay Hotel & Suites).

Source: U.S. Small Business Administration 7(a) and 504 FOIA loan data (https://data.sba.gov/dataset/7a-504-foia). Last refreshed: 2026-11-04T01:29:00.118Z.
Loan data comes from SBA public FOIA files, which SBA refreshes quarterly, so the newest approvals can lag by up to about four months. Sole proprietors and street addresses are excluded. Informational only.