Comfort Inn Paramus
Comfort Inn Paramus is located in Paramus, NJ, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($2,500,000 SBA portion) on June 25, 2025 to finance real estate or equipment.
SBA 504 loan, approved Jun 25, 2025
- SBA (CDC) portion
- $2,500,000
- Bank portion
- $3,680,000
- Estimated project size
- $6,866,667 (estimated)
- Estimated owner equity
- $686,667 (estimated, about 10% of the project)
- Bank lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- June 25, 2050 (estimated, approval date plus term)
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Project location
- Bergen County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-5
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 49% 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 Jersey: $2,533,058.
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 Jersey
- Baymont By Wyndham Westampton, Westampton Township
- H5 Vineland LLC, Vineland
- 5600 Ocean, LLC, Wildwood Crest
- Hilton Garden Inn Princeton, Lawrenceville
- Jay Aadinath Hospitality LLC, Rahway
- Vineland Property Holdings, L.L.C., Morristown
- Jay Sai Corporation, Flemington
- Mittas at Dover LLC, Dover