SBA Loan Approval for North Charleston Hotel After Joining Stay Express

North Charleston, SC hotel successfully got an SBA loan after they joined Stay Express which is an SBA approved hotel franchise company.

The U.S.A Small Business Administration (SBA) is a government agency whose primary objective includes providing support to small and medium businesses and help them grow. Among other things, SBA has hotel finance options so that hoteliers can avail loans at favorable and lenient terms when compared to traditional bank loans.

In order to avail the SBA hotel financing the hotel has to operate under the flag of an SBA approved brand. The search for suitable SBA approved brands is usually difficult. Fortunately the North Charleston hotel got to know about Stay Express and reviewed it.

After comparing various brands and their pricing as well as their terms and conditions, the NC hotel finally decided to go with Stay Express due to their very reasonable terms and sensible pricing as well as the benefits Stay Express was providing. As they say the rest is history!

Stay Express is quickly becoming a popular and favored hotel franchising company in the USA. There are various reasons for it. One of the main reasons is its low joining fee as well as the low annual franchise costs. Secondly hotels love the sensible PIPs policy of Stay Express.

Unlike other brands, Stay Express does not ask the hotels to make unnecessary and costly renovations, modifications and upgrades. It does not require all its hotels to look the same. Thus hotels are able to save thousands of dollars which they otherwise may have had to shell out in renovations and other work.