Mount Kisco, NY, February 8, 2016 – SJB Growth Capital, Inc. has completed the funding of an $824,000 loan for a country inn in Jamesport, Long Island, announced Stuart Benway, owner of the Mount Kisco, NY-based financial services firm. The 25-year, 6% loan was used by Duncan Kennedy to purchase a 20-room inn on Long Island’s North Fork in the heart of its famed wine region.
Mr. Kennedy, a native of Scotland and seasoned hospitality professional, has plans to develop this comfortable inn over the next few months by upgrading the rooms and amenities. Additionally, he will add a touch of the warm, welcoming hospitality for which Scotland and its people are renowned. Mr. Kennedy’s vision is to establish the Inn as the place to stay for those who not only want to linger around the North Fork taking in the vineyards, but also for those that want to visit the award winning beaches and lively villages of the world famous Hamptons, which are a short drive away. You can get more information about Mr. Kennedy’s inn at his website, which is www.countryinnatjamesport.com.
At SJB Growth Capital, our goal is to help small and mid-size companies find the capital they need to grow their businesses. That’s why we offer one of the broadest suites of products in the commercial and small business finance industry. From small start-up loans to large commercial project financing, we can find a solution to your borrowing needs. Our close-knit team is comprised of highly experienced finance professionals who are eager to help you and your business grow.