Main Street Registry

Lakshmi Hospitality Inc.

Albany Town of Colonie, NY · Hotels (except Casino Hotels) and Motels · NAICS 721110

Lakshmi Hospitality Inc., located in Albany Town of Colonie, NY, operates in the hotels and motels industry (NAICS 721110). The company financed real estate or equipment through an SBA 504 loan of $1,704,000 approved on February 17, 2026, with KeyBank National Association as the lender and Empire State Certified Development Corporation as the certified development company.

SBA 504 loan, approved Feb 17, 2026

$1,704,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,704,000
Bank portion
$1,730,000
Estimated project size
$3,815,556 (estimated)
Estimated owner equity
$381,556 (estimated, about 10% of the project)
Bank lender
KeyBank National Association, Cleveland, OH
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)
First disbursement
Aug 12, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Albany County, NY
SBA district office
Syracuse District Office
Congressional district
NY-20
Collateral
Yes

Estimated share of project by source

Bank 45% SBA (CDC) 45% Owner 10%

  • Larger than 26% 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.

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Same industry in New York