Hotels and Motels acquisitions in Wyoming: SBA loan data
Since FY2018, SBA lenders have approved 18 7(a) loans to buy an existing business classified as Hotels and Motels in Wyoming, totaling $25M. The median loan was $959,500. That is 17.6% of the 102 acquisition loans in Wyoming.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Hotels and Motels loan in Wyoming is 37% higher than the $699,150 median for all Wyoming acquisitions, and 63% 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 4.8% of seasoned Wyoming acquisition loans of any type.
Hotels and Motels acquisition loans in Wyoming by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $729K | $364,300 | |
| FY2019 | 4 | $4.1M | $1,099,500 | |
| FY2020 | 3 | $6M | $935,000 | |
| FY2021 | 3 | $6.1M | $784,000 | |
| FY2022 | 2 | $2.2M | $1,085,900 | |
| FY2023 | 1 | $1.7M | $1,723,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $2.7M | $1,334,000 | |
| FY2026 | 1 | $1.5M | $1,525,000 |
How often do these acquisition loans fail?
Fewer than 20 Hotels and Motels in Wyoming 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 | Bank of Bridger National Association | 4 | 22.2% | $1.4M | |
| 2 | Hanmi Bank | 2 | 11.1% | $2M | |
| 3 | Open Bank | 2 | 11.1% | $1.6M | |
| 4 | United Midwest Savings Bank National Association | 1 | 5.6% | $5M | |
| 5 | Celtic Bank Corporation | 1 | 5.6% | $4.4M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Holiday Inn Express | 2 | 11.1% | $9.4M | |
| 2 | Best Western | 2 | 11.1% | $2.1M | |
| 3 | Rodeway Inn | 1 | 5.6% | $1.7M | |
| 4 | Americas Best Value Inn | 1 | 5.6% | $820K |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in Wyoming run?
The median SBA 7(a) loan was $959,500 across 18 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 Wyoming?
Bank of Bridger National Association (4), Hanmi Bank (2), Open Bank (2), United Midwest Savings Bank National Association (1), Celtic Bank Corporation (1).
How often do Hotels and Motels acquisition loans fail in Wyoming?
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 Wyoming?
6 of the 18 loans (33%) involved a franchise brand, most often Holiday Inn Express (2).
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Wyoming 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
Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.