Main Street Registry

Sagar N Shiv LLC

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

Sagar N Shiv LLC, located in Albany Town of Colonie, NY, operates in the hotels (except casino hotels) and motels industry. The company was financed through an SBA 504 loan with an SBA portion of $1,901,000, approved on November 26, 2024, with East West Bank as the lending bank and Empire State Certified Development Corporation as the CDC.

SBA 504 loan, approved Nov 26, 2024

$1,901,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,901,000
Bank portion
$1,850,000
Estimated project size
$4,167,778 (estimated)
Estimated owner equity
$416,778 (estimated, about 10% of the project)
Bank lender
East West Bank, Pasadena, CA
CDC
Empire State Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 26, 2049 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
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 44% SBA (CDC) 46% Owner 10%

  • Larger than 30% 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