Which lenders are a good match for a Hotel or Motel SBA loan?
Hotels and Motels project state SBA 7(a) loan approvals in 2020.
Hotels and Motels Industry Highlights
In 2020 the Hotels and Motels industry ranked #5 in SBA 7(a) number of loan approvals and was the #1 ranked industry for loan approval amounts.
All-time there have been 1,037 lenders who have approved 16,367 SBA 7(a) loan approvals to Hotels and Motels businesses for $24,093,543,197. Loan approvals went to borrowers from 3,821 cities for projects in 50 states.
In 2020 Hotels and Motels businesses received 744 SBA 7(a) loan approvals from 163 lenders for $1,644,050,900. The average loan approval amount in 2020 was $2,209,746. Approvals went to borrowers from 537 cities for projects in 46 states.
For 2020 franchised Hotels and Motels SBA lending there were 103 lenders who approved 513 SBA 7(a) loans for $1,277,031,400 for an average loan amount of $2,489,340.
Our forecast model projects the Hotels and Motels industry receiving $1.5 billion in SBA 7(a) approvals in 2021.
Read our Industry page on Hotels and Motels SBA lending for a full report, but below are a few highlights:
Historical SBA 7(a) Lending for the Hotels and Motels Industry
2020 Top 25 SBA Lenders
Hotels and Motels
Loan Approvals
Approval Amounts
Hotels and Motels SBA 7(a) Loan Amounts
Average SBA 7(a) loan approval amount in 2020 was $2,209,746.
9% of approved loans in 2020 were for loan amounts up to $350,000.
3.23% of approved loans in 2020 were for loan amounts up to $150,000.
75.81% of approved loans in 2020 were for loan amounts over $1 million.
46.91% of loan approvals were for multi-million loan amounts.
Hotels and Motels SBA 7(a) Lending Forecast
Our forecast model projects the Hotels and Motels industry receiving $1.5 billion in SBA 7(a) approvals in 2021.
See our full (and free) SBA report on Hotels and Motels
This report has about everything a small business owner would want to know about SBA 7(a) loans to Hotels and Motels. See the 2020 top ranked lenders and franchise brands by loan amounts, default data, our SBA lending forecasts, the top project states and borrower cities, and more.
