Main Street Registry

Courtyard by Marriott

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

Courtyard by Marriott in Niagara Falls, NY is a hotel business classified under the NAICS industry for hotels, except casino hotels, and motels. The business financed real estate or equipment through an SBA 504 loan of $4,808,000 with CNB Bank as the lender, approved on April 28, 2025, with the Business Initiative Corporation of New York as the certified development company.

SBA 504 loan, approved Apr 28, 2025

SBA (CDC) portion
$4,808,000
Bank portion
$7,827,500
Estimated project size
$14,039,444 (estimated)
Estimated owner equity
$1,403,944 (estimated, about 10% of the project)
Bank lender
CNB Bank, Clearfield, PA
CDC
Business Initiative Corporation of New York
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
April 28, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
50
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Courtyard by Marriott
Project location
Niagara County, NY
SBA district office
Buffalo District Office
Congressional district
NY-26
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

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