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Sdb Hospitality Inc.

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

Sdb Hospitality Inc. is a hotel, motel and similar lodging business located in Delhi, New York, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The business was financed with an SBA 7(a) loan for a change of ownership of $690,000, approved by Metro City Bank on December 15, 2023.

SBA 7(a) loan, change of ownership, approved Dec 15, 2023

$690,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$690,000
SBA-guaranteed amount
$517,500 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
December 15, 2048 (estimated, approval date plus term)
Estimated monthly payment
$6,029 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 28, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Delaware County, NY
SBA district office
Syracuse District Office
Congressional district
NY-19
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 2% 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