Hotels and Motels acquisitions in Missouri: SBA loan data
Since FY2018, SBA lenders have approved 47 7(a) loans to buy an existing business classified as Hotels and Motels in Missouri, totaling $95M. The median loan was $1,891,000. That is 4.3% of the 1,098 acquisition loans in Missouri.
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How this compares
The median Hotels and Motels loan in Missouri is 226% higher than the $580,000 median for all Missouri acquisitions, and 28% lower than the $2,621,250 median for Hotels and Motels acquisitions nationwide (2,310 loans).
On losses, none of the 21 seasoned Hotels and Motels loans in Missouri were charged off, against the 2.9% rate for all Missouri acquisitions, and against the 0.8% rate for the industry nationally.
Hotels and Motels acquisition loans in Missouri by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $16.8M | $1,945,300 | |
| FY2019 | 6 | $14.8M | $2,312,500 | |
| FY2020 | 2 | $5.5M | $2,757,500 | |
| FY2021 | 6 | $7.4M | $837,500 | |
| FY2022 | 8 | $12.7M | $1,501,250 | |
| FY2023 | 5 | $6.8M | $1,359,000 | |
| FY2024 | 2 | $2.4M | $1,198,500 | |
| FY2025 | 8 | $22.7M | $2,311,000 | |
| FY2026 | 3 | $5.9M | $1,905,000 |
How often do these acquisition loans fail?
Of the 21 Hotels and Motels in Missouri 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. 15 have already been paid in full.
For comparison, Hotels and Motels in Missouri 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 11 | 23.4% | $26.6M | |
| 2 | OakStar Bank | 9 | 19.1% | $18.3M | |
| 3 | Simmons Bank | 3 | 6.4% | $3.5M | |
| 4 | Harvest Small Business Finance, LLC | 1 | 2.1% | $4.9M | |
| 5 | Shoreham Bank | 1 | 2.1% | $4.7M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Days Inn | 6 | 12.8% | $12.9M | |
| 2 | Super 8 | 6 | 12.8% | $8.5M | |
| 3 | Best Western | 3 | 6.4% | $9.8M | |
| 4 | Red Roof Inn | 3 | 6.4% | $6.9M | |
| 5 | Spark by Hilton | 2 | 4.3% | $5.9M |
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in Missouri run?
The median SBA 7(a) loan was $1,891,000 across 47 loans (FY2018 to FY2026), with the middle half between $1,227,000 and $2,911,000. 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 Missouri?
GBank (11), OakStar Bank (9), Simmons Bank (3), Harvest Small Business Finance, LLC (1), Shoreham Bank (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Hotels and Motels acquisition loans fail in Missouri?
Of 21 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 Missouri?
29 of the 47 loans (62%) involved a franchise brand, most often Days Inn (6).
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Missouri 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 Indiana
- Full-Service Restaurants in Missouri
- Limited-Service Restaurants in Missouri
- Plumbing, Heating, and Air-Conditioning Contractors in Missouri
- General Automotive Repair in Missouri
- All Other Specialty Trade Contractors in Missouri
- Fitness and Recreational Sports Centers in Missouri
- Child Care Services in Missouri
- Car Washes in Missouri
Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.