Main Street Registry

Bedford Hospitality LLC

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

Bedford Hospitality LLC is a business in Stamford, Connecticut, in the hotels (except casino hotels) and motels industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $5,000,000, approved by Spring Bank on September 9, 2024.

SBA 7(a) loan, change of ownership, approved Sep 9, 2024

$5,000,000 approvedLender: Spring Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Spring Bank, New York City, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
September 9, 2049 (estimated, approval date plus term)
Estimated monthly payment
$43,685 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 1, 2024
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Fairfield County, CT
SBA district office
Connecticut District Office
Congressional district
CT-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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 Connecticut: $1,992,959.

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