Main Street Registry

SureStay Hotel Plus

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

SureStay Hotel Plus, located in Niagara Falls, NY, operates in the hotels and motels industry (NAICS 721110). The business was approved for an SBA 504 loan of $1,879,000 through Empire State Certified Development Corporation with Happen Bank as the partner lender, with an approval date of July 2, 2026, and the loan is listed as not funded.

SBA 504 loan, approved Jul 2, 2026

$1,879,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,879,000
Bank portion
$2,613,500
Estimated project size
$4,991,667 (estimated)
Estimated owner equity
$499,167 (estimated, about 10% of the project)
Bank lender
Happen Bank, Lehi, UT
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 2, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
12
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
SureStay - SureStay Studio
Project location
Niagara County, NY
SBA district office
Buffalo District Office
Congressional district
NY-26
Collateral
Yes

Estimated share of project by source

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

  • Larger than 29% 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.

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Same industry in New York