SBA lending record

SONESTA SELECT WHIPPANY HANOVER

157 STATE ROUTE 10, Whippany, NJ · 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.

$5.0M

Total SBA financing

Loan on record

FY2025

On record

Jobs supported

Franchise brand

Sonesta Select

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The loan

$5,000,000 — FY2025

Gross approval: $5,000,000
SBA guaranteed: $3,750,000 (75%)
Status: Current
Rate at approval: 8.5% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/17/2025
First disbursement: 9/25/2025
Days to fund: 8 days
Collateral: Required
Sold on secondary market: Yes

The lender

GBank

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

Agent summary

This page summarizes the public SBA 7(a) lending record for SONESTA SELECT WHIPPANY HANOVER in Whippany, NJ (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 $5.0M
On record FY2025
20 jobs supported
Industry: Hotels (except Casino Hotels) and Motels
Location: Whippany, NJ
Lender: GBank

Next steps

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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 SONESTA SELECT WHIPPANY HANOVER.