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It’s critical to locate an SBA lender that specializes in hotels while searching for a loan. Motels, unlike hotels and other hospitality companies, have their own underwriting processes. Because motel companies are typically seen as high-risk, you’ll want to make sure your SBA lender offers you the finest loan conditions available.
SBA7a.Loans are the solution to this problem. We have over 20 years of capital market expertise and excellent connections with lenders in the hotel sector. We can assist you in obtaining the funds you need for:
Refinancing a commercial mortgage
An SBA 7(a) loan may help you refinance if your existing terms aren’t suitable. To understand more, read this article.
A new site is being opened
An SBA 7(a) loan may be very beneficial to a growing company.
A new motel is being built
We’ll assist you in obtaining the funding you need to construct your new hotel from the bottom up.
How to Use SBA 7(a) for a Hotel
Other costs, including working capital, equipment, and maintenance at your existing site, may be covered by an SBA loan. Other loan options, in addition to the SBA 7(a), that we may suggest assisting you to achieve your objectives. Don’t put off taking the next step for your company; find out how an SBA loan may help you succeed.