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
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Franchise
- Hilton Hotels & Resorts
- Franchise code
- S3087
- Lender
- Maine Community Bank
- Address
- 50 Maine Mall Road
- City
- South Portland
- County
- Cumberland
- SBA district office
- MAINE DISTRICT OFFICE
- Congressional district
- 1
The lender
Find SBA lenders for businesses like this
The banks most active funding hotels (except casino hotels) and motels — by location, industry, and brand.
Other Hilton Hotels & Resorts locations
Other Hilton Hotels & Resorts businesses in the public SBA record — closest first, by location and deal size.
Similar businesses
Comparable hotels (except casino hotels) and motels in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Jacqueline Pierce Real Estate, LLC
Bath, ME· ~32 mi
Hotels (except Casino Hotels) and Motels
- $550K
- SBA financing
- ≈ $1.1M–$1.8M
- Est. revenue (rough)
Coveside Bed & breakfast
Georgetown, ME· ~33 mi
Hotels (except Casino Hotels) and Motels
- $140K
- SBA financing
- ≈ $275K–$458K
- Est. revenue (rough)
SohoInn LLC
Old Orchard Beach, ME· ~9 mi
Hotels (except Casino Hotels) and Motels
- $50K
- SBA financing
- ≈ $98K–$163K
- Est. revenue (rough)
Whitesails LLC
Kennebunk, ME· ~20 mi
Hotels (except Casino Hotels) and Motels
- $85K
- SBA financing
- ≈ $167K–$278K
- Est. revenue (rough)
Vindico LLC
Old Orchard Beach, ME· ~9 mi
Hotels (except Casino Hotels) and Motels
- $3.0M
- SBA financing
- ≈ $5.9M–$9.8M
- Est. revenue (rough)
Hari Om, LLC
Auburn, ME· ~33 mi
Hotels (except Casino Hotels) and Motels
- $1.1M
- SBA financing
- ≈ $2.1M–$3.5M
- Est. revenue (rough)
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). CapBench 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
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 ME for ~$350k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench 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.