Roosevelt Inn & Suites
Roosevelt Inn & Suites is a hotel and motel business in Ballston Spa Town of Malta, New York, classified under NAICS code 721110 for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan with a $1,083,000 SBA portion, approved May 6, 2025, through The Adirondack Trust Company and Empire State Certified Development Corporation.
SBA 504 loan, approved Sep 25, 2026
$1,088,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,088,000
- Bank portion
- $1,050,000
- Estimated project size
- $2,375,556 (estimated)
- Estimated owner equity
- $237,556 (estimated, about 10% of the project)
- Bank lender
- The Adirondack Trust Company, Saratoga Springs, NY
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- September 25, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Saratoga County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-21
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 4% 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 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.
SBA 504 loan, approved May 6, 2025
$1,083,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,083,000
- Bank portion
- $1,050,000
- Estimated project size
- $2,370,000 (estimated)
- Estimated owner equity
- $237,000 (estimated, about 10% of the project)
- Bank lender
- The Adirondack Trust Company, Saratoga Springs, NY
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- May 6, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Saratoga County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-21
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 3% 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 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.
Same industry in New York
- 3380 State Route 14 Group LLC, Watkins Glen
- P & K Hotels LLC, Jamestown
- Super 8, Norwich
- Shiv Krupa Hospitality LLC, Attica
- Holiday Inn Express, Syracuse
- The Haven Court Hospitality LLC, Wellsville
- Super 8, Sidney
- Super 8, Ticonderoga