# Excel Lodging Venture LLC, Spicer MN: $418,000 SBA 504 loan approved 2026-07-08

**Fresh Capital Score:** 55/100

| Field | Value |
|---|---|
| Business | Excel Lodging Venture LLC |
| Location | Spicer, MN, 56288 |
| County | KANDIYOHI |
| Program | SBA 504 |
| Gross approval | $418,000 |
| Approved | 2026-07-08 |
| Lender | Midwest Business Finance Corporation |
| Third-party lender | BankVista |
| Term (months) | 300 |
| Industry | Hotels (except Casino Hotels) and Motels |
| NAICS | 721110 |
| Franchise | GrandStay Hotel & Suites |
| Business type | CORPORATION |
| Business age | New Business or 2 years or less |
| Jobs supported | 4 |

## Why this score
- Approval of $418,000.
- Approved within 90 days of the latest SBA release.
- 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.