Hotels and Motels acquisitions in North Carolina: SBA loan data
Since FY2018, SBA lenders have approved 147 7(a) loans to buy an existing business classified as Hotels and Motels in North Carolina, totaling $444M. The median loan was $3,045,000. That is 9.3% of the 1,575 acquisition loans in North Carolina.
- Loans, FY2018-FY2026
- 147
- Median loan
- $3,045,000 (middle half $1,725,000 to $4,430,000)
- Top lender
- GBank (62%, 91 loans)
- Charge-off, FY2018-FY2021 loans
- 1.5% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 11 (-27% vs FY2025)
SBA lenders approved 147 7(a) loans to buy a business classified as Hotels and Motels in North Carolina from FY2018-FY2026, with a median of $3,045,000 and a middle half of $1,725,000 to $4,430,000. GBank made 62% of them. FY2026 had 11 loans, down 27% from FY2025.
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How Hotels and Motels in North Carolina compares
| Measure | Hotels and Motels in North... | North Carolina, all industries | Hotels and Motels, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $3,045,000 | $800,000 | $2,621,250 | $645,250 |
| Middle half of loans | $1,725,000 to $4,430,000 | $350,000 to $1,800,000 | $1,644,250 to $4,100,000 | $283,000 to $1,465,000 |
| Average initial rate | 7.29% | 7.92% | 7.11% | 7.76% |
| Median term | 25 years | 10 years | 25 years | 10 years |
| Charge-off rate (seasoned loans) | 1.5% | 2.1% | 0.8% | 3.5% |
| Loans in sample | 147 | 1,575 | 2,310 | 48,902 |
The median for loans to buy hotels and motels in North Carolina is $3,045,000, well above the $800,000 median for all North Carolina acquisitions, above the $2,621,250 median for Hotels and Motels acquisitions nationwide and well above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $1,725,000 to $4,430,000, against $283,000 to $1,465,000 nationally; the median term is 25 years, longer than the national median of 10 years; the average initial rate is 7.29%, below the 7.76% national average.
Seasoned loans were charged off at 1.5%, below the 2.1% rate for all North Carolina acquisitions, well above the 0.8% rate for Hotels and Motels acquisitions nationwide and well below the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Hotels and Motels in North... | All acquisitions |
|---|---|---|
| Under $350K | 1% | 30% |
| $350K to under $1M | 6% | 33% |
| $1M to under $2M | 23% | 19% |
| $2M and over | 69% | 17% |
Most loans to buy hotels and motels in North Carolina (93%) were $1M or more, and the largest single band is $2M and over at 69%, against 17% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
GBank made 62% of loans to buy hotels and motels in North Carolina, and the top three lenders together made 71%. 8 of the 32 lenders involved made three or more. A few banks carry most of the volume. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 26 loans to buy hotels and motels in North Carolina were approved. That is 33% fewer than the 39 approved in FY2023 and FY2024. The median was $4,480,000, well above the $3,045,000 median across all years.
Hotels and Motels acquisition loans in North Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 13 | $36.1M | $2,425,000 | |
| FY2019 | 19 | $48.1M | $2,265,000 | |
| FY2020 | 18 | $45.9M | $2,678,500 | |
| FY2021 | 18 | $42.3M | $2,393,750 | |
| FY2022 | 14 | $35.9M | $2,180,000 | |
| FY2023 | 13 | $40.4M | $3,228,000 | |
| FY2024 | 26 | $93.8M | $3,913,500 | |
| FY2025 | 15 | $57.6M | $4,388,000 | |
| FY2026 | 11 | $44M | $5,000,000 |
How often do these acquisition loans fail?
Of the 68 Hotels and Motels in North Carolina acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 1.5% by loan count and 0.7% by dollars. 41 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Hotels and Motels in North Carolina is 58% lower than the acquisition-loan average. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 91 | 61.9% | $304M | |
| 2 | Centerstone SBA Lending, Inc. | 9 | 6.1% | $19.4M | |
| 3 | Open Bank | 5 | 3.4% | $10.1M | |
| 4 | HomeTrust Bank | 3 | 2.0% | $11.6M | |
| 5 | United Midwest Savings Bank National Association | 3 | 2.0% | $6.7M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Quality Inn | 20 | 13.6% | $68.5M | |
| 2 | Super 8 | 12 | 8.2% | $29.8M | |
| 3 | Comfort Inn | 9 | 6.1% | $39.2M | |
| 4 | Red Roof Inn | 9 | 6.1% | $24.1M | |
| 5 | Rodeway Inn | 8 | 5.4% | $18.7M |
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in North Carolina run?
The median SBA 7(a) loan was $3,045,000 across 147 loans (FY2018 to FY2026), with the middle half between $1,725,000 and $4,430,000. 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 North Carolina?
GBank (91), Centerstone SBA Lending, Inc. (9), Open Bank (5), HomeTrust Bank (3), United Midwest Savings Bank National Association (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Hotels and Motels acquisition loans fail in North Carolina?
1.5% of 68 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% 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 North Carolina?
123 of the 147 loans (84%) involved a franchise brand, most often Quality Inn (20).
How much do you need down for an SBA loan to buy a hotel or motel in North Carolina?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy hotels and motels in North Carolina was $3,045,000, and the middle half ran $1,725,000 to $4,430,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 26 loans to buy hotels and motels in North Carolina in FY2025 and FY2026.
Which banks make SBA loans for a hotel or motel in North Carolina?
By loan count, FY2018 to FY2026: GBank (91), Centerstone SBA Lending, Inc. (9), Open Bank (5), HomeTrust Bank (3), United Midwest Savings Bank National Association (3). GBank made 62% of loans to buy hotels and motels in North Carolina. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Related
- All North Carolina 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 Ohio
- Hotels and Motels in Illinois
- Hotels and Motels in Florida
- Hotels and Motels in Indiana
- Hotels and Motels in Virginia
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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.
Cite this data
SBA Acquisition Data, "Hotels and Motels in North Carolina: SBA acquisition loan data", https://sbaacquisitiondata.com/state/nc/hotels-except-casino-hotels-and-motels-721110 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/nc/hotels-except-casino-hotels-and-motels-721110.json.