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SBA loan for Hotels

This topic contains 1 reply, has 2 voices, and was last updated by  Paul Long 1 month, 3 weeks ago.

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  • November 16, 2018 at 7:13 pm #2295 Reply

    Anonymous

    One bank I was googling on a whim was saying sba for 7a I believe needed to be a person in business for two years. I was hoping for a sba loan of a couple million to acquire a hotel is there loans for new investors?

    November 16, 2018 at 7:29 pm #2301 Reply

    Paul Long
    Keymaster

    Thank you for your comment. To buy a hotel there is no time in business requirement. However, the bank and SBA want to make sure that you have experience running a hotel (or similar) it ok if you are a new investor.

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Reply To: SBA loan for Hotels
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