Main Street Registry

EVEN Hotel Norwalk

Norwalk, CT · Hotels (except Casino Hotels) and Motels · NAICS 721110

EVEN Hotel Norwalk is a hotel business in Norwalk, Connecticut, classified under the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $3,222,000, with Fairfield County Bank as the bank partner and New England Certified Development Corporation as the CDC, with approval dated August 8, 2025.

SBA 504 loan, approved Aug 8, 2025

$3,222,000 SBA portionCDC: New England Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,222,000
Bank portion
$4,500,000
Estimated project size
$8,580,000 (estimated)
Estimated owner equity
$858,000 (estimated, about 10% of the project)
Bank lender
Fairfield County Bank, Ridgefield, CT
CDC
New England Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 8, 2050 (estimated, approval date plus term)
First disbursement
Nov 12, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
EVEN Hotels
Project location
Western Ct County, CT
SBA district office
Connecticut District Office
Congressional district
CT-4
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 64% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in Connecticut: $2,313,333.

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 Connecticut