Main Street Registry

Motel of Albany Inc.

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

Motel of Albany Inc. is a hotel and motel business located in Albany, NY, in the hotels (except casino hotels) and motels industry. The business was financed with an SBA 7(a) loan for a change of ownership of $4.2 million, approved on November 14, 2025, by Beacon Bank and Trust, and the loan reports 9 jobs and a Motel 6 franchise affiliation.

SBA 7(a) loan, change of ownership, approved Nov 14, 2025

$4,156,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,156,000
SBA-guaranteed amount
$3,117,000 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
November 14, 2050 (estimated, approval date plus term)
Estimated monthly payment
$37,036 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Motel 6
Project location
Albany County, NY
SBA district office
Syracuse District Office
Congressional district
NY-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 65% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • 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