South Carolina Hotel Gets SBA Loan With SBA Approved Stay Express

A hotel in South Carolina has been able to secure hotel finance from SBA. As SBA is a government organization, there are many advantages of SBA loans over traditional hotel financing options like bank loans, etc.

Running and managing a hotel usually requires huge budget, sometimes running into millions of dollars. Many hotels shy away from traditional bank loans due to high interest and tough repayment conditions. Instead they prefer the SBA loans which have relatively less strict conditions and come with longer repayment durations.

The biggest obstacle is that SBA requires hotels to be part of a brand that is SBA approved. While there are many such hotel franchising brands which have the SBA approval, the problem is that joining these brands can be more damaging than beneficial. The reason for that joining such brands requires huge expenditure.

These brands will usually put enormous burdens on the hotels and make them do things that can burn a hole in the hotel owner’s pockets. The good news is that Stay Express is a brand with a difference. Stay Express is also SBA approved, but unlike other brands, it is not overly demanding and has very sensible requirements.

Due to the sensible policies of Stay Express, hotels under it have benefited tremendously and have been able to save thousands of dollars while enjoying numerous benefits that come at a fraction of the price that other big brands charge.