SBA 7(a)Paid in Full

New Generation Development LLC

Long Island City, NYNewBankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$5,000,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2016-02-29

5.75% rate

JOBS SUPPORTED

Borrower-reported

Loan details & location

LOCATION

Long Island City, NY 11101

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

5.75%

LOAN STATUS

Paid in Full

Long Island City, NY 11101

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