Main Street Registry

Shree Hospitality, LLC

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

Shree Hospitality, LLC is a hotel and motel business in Groton, CT, classified under the industry Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan of $4,894,000 on March 4, 2025, through Jewett City Savings Bank and New England Certified Development Corporation, and the 504 program financed real estate or equipment through an SBA 504 loan.

SBA 504 loan, approved Mar 4, 2025

$4,894,000 SBA portionCDC: New England Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,894,000
Bank portion
$6,838,240
Estimated project size
$13,035,822 (estimated)
Estimated owner equity
$1,303,582 (estimated, about 10% of the project)
Bank lender
Jewett City Savings Bank, Jewett City, 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
March 4, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott/Fairfield by Marriott Inn & Suites
Project location
Southeastern Ct County, CT
SBA district office
Connecticut District Office
Congressional district
CT-2
Collateral
Yes

Estimated share of project by source

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

  • Larger than 86% 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