Hotels (except Casino Hotels) and Motels: SBA acquisition lenders
768 recorded SBA 7(a) acquisition approvals for Hotels (except Casino Hotels) and Motels, FY2024–FY2026. Median approved loan: $3.1M. See lenders and activity by state.
- Acquisitions financed
- 768
- Total approved
- $2.4B
- Median loan
- $3.1M
- Middle half of loans
- $2.0M to $4.8M
- Median starting rate
- 8.75%
- Median term
- 25 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | GBank | 249 | 32% | $3.9M | $892.0M |
| 2 | Shoreham Bank | 58 | 8% | $3.8M | $202.2M |
| 3 | US Metro Bank | 49 | 6% | $2.4M | $136.8M |
| 4 | Open Bank | 43 | 6% | $3.6M | $150.7M |
| 5 | First Western SBLC, LLC d/b/a Peachtree Group | 40 | 5% | $2.4M | $92.6M |
| 6 | Centerstone SBA Lending, Inc. | 37 | 5% | $2.4M | $92.6M |
| 7 | Bank of Hope | 24 | 3% | $3.9M | $85.1M |
| 8 | Global One Bank | 23 | 3% | $4.0M | $88.9M |
| 9 | United Midwest Savings Bank National Association | 13 | 2% | $2.2M | $29.8M |
| 10 | Harvest Small Business Finance, LLC | 12 | 2% | $1.6M | $23.4M |
| 11 | Southwestern National Bank | 11 | 1% | $2.8M | $30.9M |
| 12 | PromiseOne Bank | 10 | 1% | $2.9M | $32.4M |
| 13 | Metro City Bank | 10 | 1% | $2.1M | $22.8M |
| 14 | Merchants Bank of Indiana | 9 | 1% | $2.6M | $27.9M |
| 15 | The Huntington National Bank | 9 | 1% | $2.6M | $22.8M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Texas | 105 | $4.0M | $376.8M |
| Ohio | 62 | $3.2M | $205.8M |
| North Carolina | 56 | $4.1M | $208.0M |
| Georgia | 45 | $3.3M | $149.3M |
| Illinois | 41 | $2.8M | $121.8M |
| Indiana | 31 | $3.7M | $108.2M |
| Michigan | 31 | $2.2M | $85.2M |
| South Carolina | 30 | $2.7M | $91.9M |
| Virginia | 29 | $2.7M | $89.1M |
| California | 28 | $3.7M | $98.0M |
| Florida | 26 | $5.0M | $107.3M |
| Colorado | 23 | $3.6M | $74.2M |
| Kansas | 20 | $1.5M | $31.5M |
| Wisconsin | 17 | $2.7M | $45.5M |
| Pennsylvania | 16 | $4.3M | $56.7M |
| New York | 16 | $1.8M | $34.3M |
| Tennessee | 15 | $2.7M | $44.9M |
| Missouri | 15 | $1.9M | $33.7M |
| Washington | 14 | $3.7M | $49.6M |
| Mississippi | 13 | $2.1M | $37.2M |
| Kentucky | 11 | $4.1M | $39.5M |
| Alabama | 11 | $3.0M | $36.3M |
| New Mexico | 11 | $2.6M | $29.9M |
| West Virginia | 10 | $4.0M | $36.1M |
| Oklahoma | 8 | $2.2M | $22.1M |
| Louisiana | 8 | $2.2M | $18.2M |
| North Dakota | 7 | $1.9M | $15.6M |
| Iowa | 7 | $2.0M | $13.6M |
| Arkansas | 7 | $1.5M | $13.6M |
| Oregon | 6 | $3.6M | $18.4M |
| Maryland | 6 | $2.0M | $15.5M |
| Minnesota | 5 | $3.6M | $13.8M |
| Montana | 5 | $2.0M | $9.2M |
| Arizona | 4 | $3.0M | $11.9M |
| Nevada | 4 | $2.3M | $10.6M |
| Wyoming | 4 | $1.2M | $4.5M |
| New Jersey | 3 | $5.0M | $13.4M |
| Utah | 3 | $4.3M | $9.4M |
| Nebraska | 2 | $5.0M | $10.0M |
| Idaho | 2 | $4.5M | $9.1M |
| South Dakota | 2 | $4.4M | $8.8M |
| Rhode Island | 2 | $3.6M | $7.2M |
| Massachusetts | 2 | $3.5M | $7.1M |
| Connecticut | 1 | $5.0M | $5.0M |
| Hawaii | 1 | $3.1M | $3.1M |
| Maine | 1 | $1.9M | $1.9M |
| Vermont | 1 | $1.1M | $1.1M |
| New Hampshire | 1 | $880K | $880K |