Main Street Registry

New World Hotel

New York, NY · Hotels (except Casino Hotels) and Motels · NAICS 721110

New World Hotel, located in New York, NY, operates in the hotels (except casino hotels) and motels industry. The company was financed through an SBA 504 loan, which financed real estate or equipment, with an SBA portion of $4,405,000 and an approval date of June 17, 2026, through New Day Commercial Capital and the Trenton Business Assistance Corporation.

SBA 504 loan, approved Jun 17, 2026

$4,405,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,405,000
Bank portion
$6,125,000
Estimated project size
$11,700,000 (estimated)
Estimated owner equity
$1,170,000 (estimated, about 10% of the project)
Bank lender
New Day Commercial Capital, Laguna Hills, CA
CDC
Trenton Business Assistance Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
June 17, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
New York County, NY
SBA district office
New York District Office
Congressional district
NY-7
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 82% 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