Main Street Registry

Woodlake Inn LLC

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

Woodlake Inn LLC is a hotel, motel and related lodging business located in Lake Placid, New York, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The company was financed with an SBA 504 loan that financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1,396,000 approved through Empire State Certified Development Corporation and a bank portion from Arrow Bank National Association.

SBA 504 loan, approved Feb 17, 2026

$1,396,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,396,000
Bank portion
$1,350,000
Estimated project size
$3,051,111 (estimated)
Estimated owner equity
$305,111 (estimated, about 10% of the project)
Bank lender
Arrow Bank National Association, Glens Falls, NY
CDC
Empire State Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 17, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
3
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Essex 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 16% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York