Hotels and Motels acquisitions in North Dakota: SBA loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing business classified as Hotels and Motels in North Dakota, totaling $30M. The median loan was $2,240,000. That is 10.0% of the 130 acquisition loans in North Dakota.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
How this compares
The median Hotels and Motels loan in North Dakota is 413% higher than the $436,600 median for all North Dakota acquisitions, and 15% 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 0.0% of seasoned North Dakota acquisition loans of any type.
Hotels and Motels acquisition loans in North Dakota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $2.5M | $2,470,000 | |
| FY2019 | 2 | $3.5M | $1,760,000 | |
| FY2020 | 1 | $4.9M | $4,911,500 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $2.4M | $2,406,000 | |
| FY2023 | 1 | $1.1M | $1,067,000 | |
| FY2024 | 3 | $3.3M | $937,000 | |
| FY2025 | 1 | $2.9M | $2,864,000 | |
| FY2026 | 3 | $9.5M | $2,525,000 |
How often do these acquisition loans fail?
Fewer than 20 Hotels and Motels in North Dakota 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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Western SBLC, LLC d/b/a Peachtree Group | 4 | 30.8% | $4.4M | |
| 2 | Bank of Hope | 2 | 15.4% | $5.3M | |
| 3 | GBank | 2 | 15.4% | $3.5M | |
| 4 | Everwise Credit Union | 1 | 7.7% | $5M | |
| 5 | Enterprise Bank & Trust | 1 | 7.7% | $4.9M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Country Inn and Suites by Radisson | 3 | 23.1% | $5.2M | |
| 2 | AmericInn | 2 | 15.4% | $4.9M | |
| 3 | Microtel Inn & Suites | 1 | 7.7% | $2.5M | |
| 4 | Comfort Inn | 1 | 7.7% | $2.2M | |
| 5 | Red Roof Inn | 1 | 7.7% | $1.3M |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in North Dakota run?
The median SBA 7(a) loan was $2,240,000 across 13 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 North Dakota?
First Western SBLC, LLC d/b/a Peachtree Group (4), Bank of Hope (2), GBank (2), Everwise Credit Union (1), Enterprise Bank & Trust (1).
How often do Hotels and Motels acquisition loans fail in North Dakota?
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 North Dakota?
10 of the 13 loans (77%) involved a franchise brand, most often Country Inn and Suites by Radisson (3).
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All North Dakota 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
Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.