SBA lending record
New Gen Ventures, LLC
50 Maine Mall Road, South Portland, ME · 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.
$350K
Total SBA financing
1
Loan on record
FY2020
On record
—
Jobs supported
Franchise brand
Hilton Hotels & Resorts
See Hilton Hotels & Resorts's SBA financing data — typical deal, failure rate, and how its loans perform →
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The loan
$350,000 — FY2020
- Gross approval
- $350,000
- SBA guaranteed
- $175,000 (50%)
- Status
- Paid in full
- Rate at approval
- 5.25% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 11/27/2019
- First disbursement
- 12/10/2019
- Days to fund
- 13 days
- Paid in full
- 1/31/2025
- Collateral
- Required
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for New Gen Ventures, LLC in South Portland, ME (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 $350K
- On record FY2020
- Industry: Hotels (except Casino Hotels) and Motels
- Location: South Portland, ME
- Lender: Maine Community Bank
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is New Gen Ventures, LLC your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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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 New Gen Ventures, LLC.