Main Street Registry

Syracuse Lodging Associates LLC

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

Syracuse Lodging Associates LLC, located in Brewerton, New York, operates in the hotels and motels industry (NAICS 721110, Hotels except Casino Hotels and Motels). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,533,000, approved on June 3, 2025 by Hanover Community Bank.

SBA 7(a) loan, change of ownership, approved Jun 3, 2025

$2,533,000 approvedLender: Hanover Community Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,533,000
SBA-guaranteed amount
$1,899,750 (75% of the approval)
Lender
Hanover Community Bank, Mineola, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
June 3, 2050 (estimated, approval date plus term)
Estimated monthly payment
$20,825 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Quality Inn, Quality Inn & Suites,
Project location
Onondaga County, NY
SBA district office
Syracuse District Office
Congressional district
NY-22
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 37% 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