Financing a Hotel
with SBA 7(a) loan
Best Western, Seagoville, TX
Keeping up with a hotel’s ongoing FF&E upgrades can lead to multiple lease contracts over time. Because these leases are often short-term and carry relatively high interest rates, managing the resulting debt obligations can place significant financial pressure on the hotelier.
For this project, we refinanced a high-interest mortgage, consolidated multiple FF&E lease contracts, and provided an additional $200,000 in working capital. By consolidating these obligations into a single SBA 7(a) loan of $3.68 million at a rate of Prime + 1%, the hotel achieved a significant reduction in its overall monthly debt service and improved its cash flow.
Our Other Projects With This Client
What differentiates us from the others is loyalty of our clients. Here is the other hotels that we financed for this client not to mention a number of referrals that we got from this client.
What Our Client Thinks of Us
I highly recommend Scientific Capital. Ramin and his daughter, Lalia, went above and beyond to help us secure an SBA loan for our business acquisition. Their expertise, persistence, and dedication made it happen. Throughout the process, they were professional, responsive, and always available to answer questions and guide us every step of the way. Thanks to their hard work and strong relationships with lenders, we were able to secure financing and successfully close the transaction in just 45 days an incredible achievement. If you're looking for a team that truly cares about their clients and will work tirelessly to get results, Scientific Capital is the company to trust. Thank you, Ramin and Lalia, for making our dream a reality!
Pratik Patel
Member
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