Benefits of Using an SBA 7a Loan to Purchase a Motel or Hotel

1 year ago
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Benefits of Using an SBA 7a Loan to Purchase a Motel or Hotel

The SBA 7a Loan program offered by the Small Business Administration provides benefits for purchasing hotels or motels.

Key benefits of SBA 7a loans:

SBA 7a loans have lower down payments and longer repayment terms compared to traditional bank loans.
The loans can cover up to 90% of total project costs, including closing costs, improvements, and working capital.
SBA 7a loans are easier to qualify for due to the SBA guaranteeing a portion of the loan, reducing risk for lenders.
SBA financing for hotels and motels can be obtained through banks, credit unions, and non-bank SBA partners.

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