Hotels and Motels acquisitions in Utah: SBA loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing business classified as Hotels and Motels in Utah, totaling $42.7M. The median loan was $2,633,500. That is 2.1% of the 708 acquisition loans in Utah.
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 Utah is 326% higher than the $617,950 median for all Utah acquisitions, and in line with 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 4.8% of seasoned Utah acquisition loans of any type.
Hotels and Motels acquisition loans in Utah by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $4.2M | $1,435,000 | |
| FY2020 | 2 | $5.2M | $2,597,800 | |
| FY2021 | 4 | $18.7M | $4,671,000 | |
| FY2022 | 3 | $8.1M | $2,633,500 | |
| FY2023 | 1 | $1.4M | $1,367,200 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $4.3M | $4,295,000 | |
| FY2026 | 1 | $773K | $773,000 |
How often do these acquisition loans fail?
Fewer than 20 Hotels and Motels in Utah 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Community Banks of Colorado, A Division of NBH Bank | 3 | 20.0% | $13.4M | |
| 2 | Mountain America FCU | 3 | 20.0% | $8.4M | |
| 3 | GBank | 1 | 6.7% | $5M | |
| 4 | America First Federal Credit Union | 1 | 6.7% | $4.3M | |
| 5 | Continental Bank | 1 | 6.7% | $3.9M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hampton Inn | 2 | 13.3% | $9.8M | |
| 2 | Best Western | 2 | 13.3% | $5.8M | |
| 3 | Fairfield by Marriott | 1 | 6.7% | $4.6M | |
| 4 | Comfort Inn | 1 | 6.7% | $2.6M | |
| 5 | Days Inn | 1 | 6.7% | $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 Utah run?
The median SBA 7(a) loan was $2,633,500 across 15 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 Utah?
Community Banks of Colorado, A Division of NBH Bank (3), Mountain America FCU (3), GBank (1), America First Federal Credit Union (1), Continental Bank (1).
How often do Hotels and Motels acquisition loans fail in Utah?
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 Utah?
8 of the 15 loans (53%) involved a franchise brand, most often Hampton Inn (2).
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Utah acquisitions
- Hotels and Motels nationally
- Hotels and Motels in Texas
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- 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
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.