Hotels and Motels acquisitions in Mississippi: SBA loan data
Since FY2018, SBA lenders have approved 39 7(a) loans to buy an existing business classified as Hotels and Motels in Mississippi, totaling $102M. The median loan was $2,138,700. That is 11.0% of the 354 acquisition loans in Mississippi.
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How this compares
The median Hotels and Motels loan in Mississippi is 225% higher than the $658,500 median for all Mississippi acquisitions, and 18% lower than the $2,621,250 median for Hotels and Motels acquisitions nationwide (2,310 loans).
On losses, none of the 20 seasoned Hotels and Motels loans in Mississippi were charged off, against the 2.6% rate for all Mississippi acquisitions, and against the 0.8% rate for the industry nationally.
Hotels and Motels acquisition loans in Mississippi by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $2.3M | $2,339,000 | |
| FY2019 | 7 | $15.6M | $2,082,000 | |
| FY2020 | 7 | $15M | $1,981,500 | |
| FY2021 | 5 | $12M | $1,725,000 | |
| FY2022 | 3 | $8.7M | $2,480,000 | |
| FY2023 | 3 | $10.9M | $3,795,000 | |
| FY2024 | 5 | $10.8M | $1,999,000 | |
| FY2025 | 3 | $8.3M | $1,892,000 | |
| FY2026 | 5 | $18.1M | $4,136,000 |
How often do these acquisition loans fail?
Of the 20 Hotels and Motels in Mississippi 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. 13 have already been paid in full.
For comparison, Hotels and Motels in Mississippi 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 14 | 35.9% | $36.6M | |
| 2 | Peoples Bank | 7 | 17.9% | $19.4M | |
| 3 | American Bank | 2 | 5.1% | $6.3M | |
| 4 | Columbia Bank | 2 | 5.1% | $4.3M | |
| 5 | First State Bank | 2 | 5.1% | $3.4M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Super 8 | 6 | 15.4% | $15.4M | |
| 2 | Days Inn | 6 | 15.4% | $12.7M | |
| 3 | Studio 6 | 4 | 10.3% | $10.1M | |
| 4 | Holiday Inn Express | 3 | 7.7% | $13.3M | |
| 5 | Sleep Inn | 2 | 5.1% | $8.1M |
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in Mississippi run?
The median SBA 7(a) loan was $2,138,700 across 39 loans (FY2018 to FY2026), with the middle half between $1,759,500 and $3,533,000. 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 Mississippi?
GBank (14), Peoples Bank (7), American Bank (2), Columbia Bank (2), First State Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Hotels and Motels acquisition loans fail in Mississippi?
Of 20 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 Mississippi?
36 of the 39 loans (92%) involved a franchise brand, most often Super 8 (6).
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Related
- All Mississippi 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
- Broilers and Other Meat Type Chicken Production in Mississippi
- Insurance Agencies and Brokerages in Mississippi
- Limited-Service Restaurants in Mississippi
- Full-Service Restaurants in Mississippi
- Pharmacies and Drug Retailers in Mississippi
- Child Care Services in Mississippi
- Chicken Egg Production in Mississippi
Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.