Hotels and Motels acquisitions in Oklahoma: SBA loan data
Since FY2018, SBA lenders have approved 26 7(a) loans to buy an existing business classified as Hotels and Motels in Oklahoma, totaling $56.4M. The median loan was $1,967,500. That is 5.1% of the 510 acquisition loans in Oklahoma.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Hotels and Motels loan in Oklahoma is 192% higher than the $672,750 median for all Oklahoma acquisitions, and 25% 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 3.7% of seasoned Oklahoma acquisition loans of any type.
Hotels and Motels acquisition loans in Oklahoma by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $3.8M | $3,830,000 | |
| FY2019 | 4 | $4.3M | $970,000 | |
| FY2020 | 3 | $4.7M | $1,285,000 | |
| FY2021 | 6 | $13M | $1,340,500 | |
| FY2022 | 3 | $7.8M | $2,397,000 | |
| FY2023 | 1 | $790K | $790,000 | |
| FY2024 | 2 | $7.6M | $3,799,000 | |
| FY2025 | 4 | $7.3M | $1,810,000 | |
| FY2026 | 2 | $7.2M | $3,583,500 |
How often do these acquisition loans fail?
Fewer than 20 Hotels and Motels in Oklahoma 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Western SBLC, LLC d/b/a Peachtree Group | 5 | 19.2% | $7.4M | |
| 2 | Celtic Bank Corporation | 3 | 11.5% | $5M | |
| 3 | Arvest Bank | 3 | 11.5% | $1.8M | |
| 4 | Open Bank | 2 | 7.7% | $7.6M | |
| 5 | Peoples Bank and Trust Company | 2 | 7.7% | $5.2M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Days Inn | 4 | 15.4% | $7M | |
| 2 | Holiday Inn Express | 3 | 11.5% | $13M | |
| 3 | Quality Inn | 3 | 11.5% | $7.2M | |
| 4 | Motel 6 | 2 | 7.7% | $4.7M | |
| 5 | Super 8 | 2 | 7.7% | $2.4M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in Oklahoma run?
The median SBA 7(a) loan was $1,967,500 across 26 loans (FY2018 to FY2026), with the middle half between $1,116,250 and $2,684,250. 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 Oklahoma?
First Western SBLC, LLC d/b/a Peachtree Group (5), Celtic Bank Corporation (3), Arvest Bank (3), Open Bank (2), Peoples Bank and Trust Company (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 Oklahoma?
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 Oklahoma?
21 of the 26 loans (81%) involved a franchise brand, most often Days Inn (4).
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Oklahoma 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
- Gasoline Stations with Convenience Stores in Oklahoma
- Insurance Agencies and Brokerages in Oklahoma
- Limited-Service Restaurants in Oklahoma
- Full-Service Restaurants in Oklahoma
- Pharmacies and Drug Retailers in Oklahoma
- Beer, Wine, and Liquor Retailers in Oklahoma
- Broilers and Other Meat Type Chicken Production in Oklahoma
- General Automotive Repair in Oklahoma
Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.