Hotels and Motels acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 90 7(a) loans to buy an existing business classified as Hotels and Motels in Indiana, totaling $259M. The median loan was $2,680,850. That is 7.8% of the 1,158 acquisition loans in Indiana.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Hotels and Motels loan in Indiana is 414% higher than the $521,250 median for all Indiana acquisitions, and in line with the $2,621,250 median for Hotels and Motels acquisitions nationwide (2,310 loans).
On losses, none of the 49 seasoned Hotels and Motels loans in Indiana were charged off, against the 3.1% rate for all Indiana acquisitions, and against the 0.8% rate for the industry nationally.
Hotels and Motels acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $24.3M | $2,800,000 | |
| FY2019 | 11 | $27.5M | $2,367,000 | |
| FY2020 | 10 | $26M | $2,734,000 | |
| FY2021 | 19 | $47.9M | $2,361,600 | |
| FY2022 | 8 | $18.8M | $2,335,000 | |
| FY2023 | 4 | $12.2M | $2,918,500 | |
| FY2024 | 10 | $36.7M | $3,757,000 | |
| FY2025 | 11 | $40.7M | $4,520,000 | |
| FY2026 | 8 | $25.1M | $3,431,000 |
How often do these acquisition loans fail?
Of the 49 Hotels and Motels in Indiana acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 29 have already been paid in full.
For comparison, Hotels and Motels in Indiana has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 40 | 44.4% | $125M | |
| 2 | First Western SBLC, LLC d/b/a Peachtree Group | 8 | 8.9% | $19.6M | |
| 3 | Shoreham Bank | 5 | 5.6% | $15.7M | |
| 4 | United Midwest Savings Bank National Association | 4 | 4.4% | $13.4M | |
| 5 | The Huntington National Bank | 4 | 4.4% | $11.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Quality Inn | 15 | 16.7% | $44.6M | |
| 2 | Comfort Inn | 9 | 10.0% | $31.6M | |
| 3 | Super 8 | 9 | 10.0% | $17.8M | |
| 4 | Baymont | 8 | 8.9% | $23.2M | |
| 5 | Best Western | 5 | 5.6% | $16.9M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in Indiana run?
The median SBA 7(a) loan was $2,680,850 across 90 loans (FY2018 to FY2026), with the middle half between $1,916,750 and $3,719,500. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Hotels and Motels acquisitions in Indiana?
GBank (40), First Western SBLC, LLC d/b/a Peachtree Group (8), Shoreham Bank (5), United Midwest Savings Bank National Association (4), The Huntington National Bank (4). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Hotels and Motels acquisition loans fail in Indiana?
Of 49 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Hotels and Motels acquisitions in Indiana?
83 of the 90 loans (92%) involved a franchise brand, most often Quality Inn (15).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Indiana acquisitions
- Hotels and Motels nationally
- Hotels and Motels in Texas
- Hotels and Motels in Georgia
- Hotels and Motels in California
- Hotels and Motels in North Carolina
- Hotels and Motels in Ohio
- Hotels and Motels in Illinois
- Hotels and Motels in Florida
- Hotels and Motels in Virginia
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- Full-Service Restaurants in Indiana
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- All Other Specialty Trade Contractors in Indiana
- Offices of Certified Public Accountants in Indiana
- Beer, Wine, and Liquor Retailers in Indiana
Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.