Regarding Hotel Loans, Which is Better the SBA 504 Or SBA 7a?
Dec.24, 2009 in
Business Capital
First of all, most hotel owners go to the SBA programs due to the relatively high level of financing available. Both the SBA 504 and SBA 7a allow 85% loan to cost financing, enabling owners to keep as much cash in their business as possible. Conventional financing is currently capped at around 65% loan to value on purchases, as a comparison.
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