Main Street Registry

The Haven Court Hospitality LLC

Wellsville, NY · Hotels (except Casino Hotels) and Motels · NAICS 721110

The Haven Court Hospitality LLC is a hotel business in Wellsville, New York, classified under the industry Hotels (except Casino Hotels) and Motels. The business was financed with an SBA 7(a) loan for a change of ownership of $636,000, with Hanover Community Bank as the lender and an approval date of July 15, 2026.

SBA 7(a) loan, change of ownership, approved Jul 15, 2026

$636,000 approvedLender: Hanover Community Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$636,000
SBA-guaranteed amount
$477,000 (75% of the approval)
Lender
Hanover Community Bank, Mineola, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
July 15, 2051 (estimated, approval date plus term)
Estimated monthly payment
$5,121 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 7, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Allegany County, NY
SBA district office
Buffalo District Office
Congressional district
NY-23
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in New York: $1,771,512.

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