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SBA lending record

LAXMI & SON'S LLC

110 Columbia Turnpike, Rensselaer, NY 12144 · Hotels (except Casino Hotels) and Motels. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.1M

Total SBA financing

1

Loan on record

FY2020

On record

3

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$1,100,000 — FY2020

Gross approval: $1,100,000
SBA guaranteed: $825,000 (75%)
Status: Paid in full
Rate at approval: 5% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/22/2020
First disbursement: 9/24/2020
Days to fund: 2 days
Paid in full: 8/31/2025
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 3
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Hotels (except Casino Hotels) and Motels
NAICS code: 721110
Lender: Hanover Community Bank
Address: 110 Columbia Turnpike
City: Rensselaer, 12144
County: Rensselaer
SBA district office: SYRACUSE DISTRICT OFFICE
Congressional district: 20

The lender

Hanover Community Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding hotels (except casino hotels) and motels — by location, industry.

SBA lenders in New York Lenders for hotels (except casino hotels) and motels Hotels (except Casino Hotels) and Motels lenders in New York

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Agent summary

This page summarizes the public SBA 7(a) lending record for LAXMI & SON'S LLC in Rensselaer, NY (Hotels (except Casino Hotels) and Motels). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $1.1M
On record FY2020
3 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Rensselaer, NY
Lender: Hanover Community Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Hotels (except Casino Hotels) and Motels businesses in NY for ~$1.1M deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/laxmi-son-s-llc-ny
API:: https://dealroom.so/api/public/businesses/laxmi-son-s-llc-ny
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with LAXMI & SON'S LLC.