Northeast Bank has decades of experience providing financing solutions for the purchase, expansion and renovation of hotels.

Despite the unpredictability of revenue in the hospitality industry and regulatory uncertainty, especially related to CMBS, hotels can be a great investment for both owners and lenders. But owners need a lender who really understands how to value both hotel properties and market opportunities.

Renovations and Improvements

In today's strong hotel market, keeping up with renovations and improvements is essential to competing for visitors. Small Business Administration (SBA) 7(a) loans are an especially popular way to finance a property improvement plan (PIP) or certain upgrades of furniture, fixtures and equipment (FF&E).

Buy a Hotel

Mid-sized franchised and independent hotels are the lifeblood of the hospitality industry in many parts of the country. But not every lender understands the unique challenges of these properties and their opportunities in the wider marketplace. We can help tailor an SBA 504 or 7(a) loan for purchase.

SBA 7(a) Loans

For acquiring and expanding a small business and real estate.

  • Loan amounts up to $5,000,000
  • Competitive interest rates available
  • Terms available up to 25 years
  • Up to 90% Loan-to-Value (LTV) allowed

SBA 504 Loans

For long-term, fixed-rate financing for major fixed assets, such as land and buildings.

  • Loan amounts up to $10,000,000
  • Fixed and variable rates available
  • Longer term financing available up to 20 years
  • Up to 90% Loan-to-Value (LTV) allowed

Recent Hotel Acquisition Loan

We helped a franchisee obtain a SBA 7(a) loan to acquire a mid-sized hotel in Florida after she had difficulty refinancing an earlier loan.

Amount: $2,521,000
Loan type: SBA 7(a)

Our Loan Expertise Across Industries

Our decades of experience includes loans across a wide range of industries — even in perceived higher risk categories like restaurants, independent hotels, car washes and gas stations.

Request an Appointment

To get started, contact our SBA team at sbaloanrequest@northeastbank.com or 207.440.2404.

Contact Us Today.

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