Main Street Registry

3380 State Route 14 Group LLC

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

3380 State Route 14 Group LLC is a hotel and motel business in Watkins Glen, NY, classified under NAICS 721110 (Hotels, except Casino Hotels and Motels). It was financed with an SBA 7(a) loan for a change of ownership totaling $2,337,300, approved through Port 51 Lending LLC with an approval date of September 30, 2026, and reported 11 jobs.

SBA 7(a) loan, change of ownership, approved Sep 30, 2026

$2,337,300 approvedLender: Port 51 Lending LLC25 years termCommitted, not fully disbursedLoan details
Gross approval
$2,337,300
SBA-guaranteed amount
$1,752,975 (75% of the approval)
Lender
Port 51 Lending LLC, New York, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
September 30, 2051 (estimated, approval date plus term)
Estimated monthly payment
$19,615 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Schuyler County, NY
SBA district office
Syracuse District Office
Congressional district
NY-23
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 32% 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