Hotel Motel Bed & Breakfast Financing Options

SBA 7 (a) Loan Program (up to $1,250,000)

The 7(a) program offers long-term financing for small businesses through the U.S. Small Business Administration guaranty program. Since Gould emphasizes cash flow over collateral, you can get maximum flexibility in structuring a loan package under the following guidelines:

Use of Funds

Funds may be used for purchasing, building, and refinancing real estate, of which the majority of space is owner-occupied. They may be used for business and equipment acquisitions, and for permanent working capital, including the expansion of financing or debt consolidation.

Terms/Rates

The terms are fully amortized and assumable, with no prepayment penalty.

Real estate: As low as 10% down, up to 25 years.

Business acquisition: As low as 20% down, up to 10 years.

Equipment acquisition: Up to 100% financing, up to 10 years.

Permanent working capital: Up to 100% financing, up to 7 years.

Amount

Up to $1,250,00.00 under the 7(a) program. In conjunction with SBA loans, they can meet your needs with other conventional financing methods.