Hotels and Motels acquisitions in Maryland: SBA loan data
Since FY2018, SBA lenders have approved 18 7(a) loans to buy an existing business classified as Hotels and Motels in Maryland, totaling $49.3M. The median loan was $2,360,250. That is 2.7% of the 679 acquisition loans in Maryland.
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How this compares
The median Hotels and Motels loan in Maryland is 261% higher than the $653,000 median for all Maryland acquisitions, and 10% lower than the $2,621,250 median for Hotels and Motels acquisitions nationwide (2,310 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 0.8% of seasoned Hotels and Motels acquisition loans were charged off, and 5.4% of seasoned Maryland acquisition loans of any type.
Hotels and Motels acquisition loans in Maryland by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $5.5M | $2,756,900 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 7 | $17.9M | $2,500,000 | |
| FY2022 | 2 | $7.2M | $3,610,250 | |
| FY2023 | 1 | $3.2M | $3,200,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 3 | $7.6M | $2,034,700 | |
| FY2026 | 3 | $8M | $1,646,200 |
How often do these acquisition loans fail?
Fewer than 20 Hotels and Motels in Maryland acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 7 | 38.9% | $22.7M | |
| 2 | Hanover Community Bank | 2 | 11.1% | $7.5M | |
| 3 | First Western SBLC, LLC d/b/a Peachtree Group | 2 | 11.1% | $4.6M | |
| 4 | The Huntington National Bank | 2 | 11.1% | $4.4M | |
| 5 | Harvest Small Business Finance, LLC | 2 | 11.1% | $3M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Super 8 | 3 | 16.7% | $4.9M | |
| 2 | Red Roof Inn | 2 | 11.1% | $8.3M | |
| 3 | Days Inn | 2 | 11.1% | $4.4M | |
| 4 | Hampton Inn & Suites | 1 | 5.6% | $5M | |
| 5 | Sleep Inn | 1 | 5.6% | $3.5M |
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in Maryland run?
The median SBA 7(a) loan was $2,360,250 across 18 loans (FY2018 to FY2026). 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 Maryland?
GBank (7), Hanover Community Bank (2), First Western SBLC, LLC d/b/a Peachtree Group (2), The Huntington National Bank (2), Harvest Small Business Finance, LLC (2).
How often do Hotels and Motels acquisition loans fail in Maryland?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Hotels and Motels acquisitions in Maryland?
13 of the 18 loans (72%) involved a franchise brand, most often Super 8 (3).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Maryland acquisitions
- Financing one? How to get an SBA loan to buy a hotel or motel
- 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 Indiana
- Beer, Wine, and Liquor Retailers in Maryland
- Full-Service Restaurants in Maryland
- Limited-Service Restaurants in Maryland
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- Child Care Services in Maryland
- Engineering Services in Maryland
- All Other Specialty Trade Contractors in Maryland
Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.