
SBA 7(a) Loans are Vital to the Health of the Hotel Industry and Lenders Need to Consider Critical Steps to be Successful
As the below graph illustrates, hotels are among the most active industries accessing capital through the SBA 7(a) a loan program. That’s because borrowers can use the proceeds for acquisition, debt refinance and/or property improvements often required by franchisors. Not only that, but 7(a) loans can mitigate industry volatility during potentially slow seasons and/or economic
