Main Street Registry

944 New Loudon Road Associates, L.L.C.

Latham Town of Colonie, NY · Fitness and Recreational Sports Centers · NAICS 713940

944 New Loudon Road Associates, L.L.C. is a fitness and recreational sports center located in Latham, Town of Colonie, New York. The company financed real estate or equipment through an SBA 504 loan of $1,543,000, approved on February 13, 2025, with Beacon Bank and Trust as the lender and Empire State Certified Development Corporation as the certified development company.

SBA 504 loan, approved Feb 13, 2025

$1,543,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,543,000
Bank portion
$1,500,000
Estimated project size
$3,381,111 (estimated)
Estimated owner equity
$338,111 (estimated, about 10% of the project)
Bank lender
Beacon Bank and Trust, Brookline, MA
CDC
Empire State Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 13, 2050 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Albany County, NY
SBA district office
Syracuse District Office
Congressional district
NY-20
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 37% of expansion loans in Fitness and Recreational Sports Centers on this site.
  • Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
  • Average expansion loan in New York: $2,225,161.

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 New York