Financing for Hotels from Alliance Business Capital

Passionate – Dedicated – Professional

We offer USDA B&I loans on hotels

Alliance has been providing USDA B&I Loans for Hotel Owners since 2010 and if we say so ourselves, we’ve gotten pretty good at them. The Hotel has to be located in an USDA designated eligible area.

Higher LTV’s

Loan to Values up to 80%

Longer Terms

Loan Terms up to 30 Years

Passionate – Dedicated – Professional

benefits of an USDA B&I Loan include the following

We offer USDA B&I Loans on Hotels in eligible areas

Alliance Business Capital offers the USDA B&I Loan Program for Hotels located in the U.S.

  • For-profit or non-profit businesses – Alliance works only with for-profit organizations at this time
  • Cooperatives.
  • Federally-recognized Tribes.
  • Public bodies.
  • Individuals engaged or proposing to engage in a business.

  • Individual borrowers must be citizens of the United States, or reside in the U.S. after being legally admitted for permanent residence.
  • Private-entity borrowers must demonstrate that loan funds will remain in the U.S., and the facility being financed will primarily create new or save existing jobs for rural U.S. residents.

  • Rural areas not in a city or town with a population of more than 50,000 inhabitants.
  • The borrower’s headquarters may be based within a larger city, as long as the project is located in an eligible rural area.
  • The lender may be located anywhere in the United States.
  • Projects may be funded in either rural or urban areas under 7 CFR 5001.105(b)(15)(i).
  • Check eligible addresses for Business Programs.

Eligible uses include (but are not limited to):

  • Business conversion, enlargement, repair, modernization, or development.
  • The purchase and development of land, buildings, and associated infrastructure for commercial or industrial properties.
  • The purchase and installation of machinery and equipment,  supplies or inventory.
  • Debt refinancing when such refinancing improves cash flow and creates jobs.
  • Business and industrial acquisitions when the loan will maintain business operations and create or save jobs.

  • Lines of credit.
  • Owner-occupied and rental housing.
  • Golf courses or golf course infrastructure.
  • Racetracks or gambling facilities.
  • Churches or church-controlled organizations.
  • Fraternal organizations.
  • Lending, investment, and insurance companies.
  • Agricultural production, with certain exceptions (1).
  • Distribution or payment to a beneficiary of the borrower or an individual or entity that will retain an ownership interest in the borrower.

We will need the following items on all shareholders / owners holding a 20% or more ownership in the borrowing entity.

Loan Forms:

Documents

  • Personal Tax Returns for the most recent 3 years – need the complete Federal Tax Returns only, however we need the complete returns with all schedules and including W-2’s and K1’s for all 3 years
  • If applicable, we need the business returns for all entities for the most recent 3 years – need the complete Federal Tax Returns with all schedules
  • 2 ID’s – good copies of 2 government issued ID’s (e.g. Driver’s License and Passport)
  • Current year to date profit and loss statements with balance sheet and business debt schedules on all business owned by borrowers through the end of the most recent month

Additional Items

  • If a purchase, we will need an executed copy of the purchase contract, the sellers most recent 3 years tax returns and a current year to date profit and loss statement with balance sheet
  • If new construction, we will need a copy of the approved plans and the general contractor’s quote
  • If a franchise, we will need a copy of franchise agreement
  • If a PIP is involved, we will need a copy of the PIP and Contractor’s Quote to complete

Passionate – Dedicated – Professional

work with alliance on your next USDA B&I loan

Our Loan Process to get your Financing Request APPROVED.

USDA B&I Loans typically take 90-120 days to close from acceptance of term sheet.

Complete Application

Complete our application and gather required documents from borrower

Initial Underwriting

Initial review of business financials and other supporting documents.

Term Sheet Issued

After Initial Underwriting if everything looks good a term sheet is issued.

Third-Party Reports

Borrower puts up a deposit and third-party reports are ordered.

Final Underwriting

Review of Third-Party Reports and issuance of Loan Commitment.

Loan Closing

Upon acceptance of the Commitment Letter loan goes into closing.

USDA B&I Loan Flyers

Download our USDA B&I Flyer and Brochure below.

Check Eligibility

Check to see if your property is located in a USDA eligible area.

Alliance Business Capital offers SBA Loans in all States through our PLP Bank Lending Partners.

Important Disclosures and Information

All loan programs are subject to credit approval and loan amounts are subject to creditworthiness. Other underwriting standards and restrictions may apply. Alliance Business Capital is committed to the protection of personal information we collect and process. For more information about how we protect your privacy, please visit https://www.financingforhotels.com/privacy-policy.

Financing for Hotels is a marketing name for Alliance Business Capital Inc.