Question 1

How can an SBA 7(a) loan benefit my hotel?

Accepted Answer

An SBA 7(a) loan offers flexible, long-term financing to help your hotel grow, with loan terms of up to 25 years and competitive low interest rates. This program prioritizes your business’s cash flow and repayment ability, making it an excellent option if you have steady revenue, a solid business plan, and good credit.

Question 2

What are the eligibility requirements for an SBA 7(a) loan for a hotel?

Accepted Answer

To qualify, your hotel must be a for-profit business with a strong financial foundation, have good credit, U.S. ownership and meet other SBA requirements.