Hotels & Lodging · lender intelligence
How to finance a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in New York
The SBA 7(a) lenders funding the most Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho deals in New York, from public loan records — typical Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho loan about $1.5M. A bank already funding the brand in your state knows it twice over.
Most active with Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in New York
Ranked by funded Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho loans in New York. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1 loans · $1M · Cuba, MOFull record →
- 2.46 loans · $47M · Asheville, NCFull record →
- 3.1,927 loans · $207M · Buffalo, NYFull record →
- 4.1 loans · $2M · Alto Pass, ILFull record →
4+ funded Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in New York deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Lakshmi Hospitality Inc in Albany, NY — $2.7M (2023) · Peoples Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.0M (75%)
- Approval → funding
- 8 days
- Approved
- 11/21/2022
- First disbursed
- 11/29/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 11
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Peoples Bank · Lender record →
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- MANIANI HOSPITALITY INC in Brockport, NY — $1.1M (2021) · Farmers State Bank of Alto Pass, Illinois
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $990K (90%)
- Approval → funding
- 124 days
- Approved
- 7/30/2021
- First disbursed
- 12/1/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Farmers State Bank of Alto Pass, Illinois · Lender record →
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- Mahakali Krupa Inc. in Cuba, NY — $1.4M (2020) · purchase · HomeTrust Bank
- Program
- 7a General
- Rate at approval
- 5.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 39 days
- Approved
- 6/22/2020
- First disbursed
- 7/31/2020
- Loan status
- Paid in full (7/31/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
If you were the buyer here
- Est. deal size
- $1.6M
- Est. down payment (10%)
- $156K
- Est. cash at closing
- $213K
- Monthly payment
- $8,597
- Annual debt service
- $103K
- Cash flow needed (1.25×)
- $129K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by HomeTrust Bank · Lender record →
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- AMBER MOTEL, LLC in Lake George, NY — $50K (2020) · Manufacturers and Traders Trust Company
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $25K (50%)
- Approval → funding
- 49 days
- Approved
- 3/12/2020
- First disbursed
- 4/30/2020
- Loan status
- Paid in full (3/31/2025)
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
Funded by Manufacturers and Traders Trust Company · Lender record →
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Buying a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in New York? Start with a lender that funds them here
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho loans with a New York project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho purchase in New York with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded New York deals. Peoples Bank funds the most here. DealRoom is not a lender.
- $1.5M typical Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho loan
- 4 lenders active in New York
- 4+ funded New York deals
- 49 days typical to fund
Buyers buying a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Cho in New York typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
Next steps
- Data freshness: