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Hotel Loans
SBA loans can be used to fund and grow your hotel
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Running a hotel isn’t as glamorous as it seems when it comes to managing expenses
Hotel owners face a multitude of expenses, from rising real estate prices to increasing staff wages, Property Improvement Plans (PIP) and the never-ending maintenance. Then there’s the added pressure of keeping up with competitors—whether it’s upgrading your tech systems for seamless online booking or renovating rooms to keep them Instagram-worthy. Today’s guests expect more than just a bed and a shower.
To stay competitive, many hotel owners are looking to expand, build new locations, or renovate existing properties. However, finding affordable financing for these improvements can be a major challenge, especially with cash flow already stretched between seasonal demand and day-to-day operations.
The hospitality industry is growing and financing can help your hotel grow with it
The hospitality industry is expanding, driven by advancements in technology, stronger brand recognition, and a rise in global tourism. Here are some key trends shaping the market:
- The U.S. hospitality market is projected to grow to $299.29 billion by 2029.
- Hotel occupancy rates in the U.S. have surged, driven by a rise in both business and leisure travel, events, and influencer-driven tourism.
The rising demand for travel and evolving guest expectations offer hotels endless growth opportunities, whether through expansion, upgrades, or new services. SBA loans, backed by the U.S. government, provide affordable, flexible financing to help hotel owners improve or grow their businesses.
SBA 7a loans cover needs like working capital, property improvements, or equipment upgrades—perfect for renovating rooms or updating lobbies. For larger projects, like acquiring real estate or building new locations, SBA 504 loans offer long-term, fixed-rate financing without short-term repayment pressure.
First Bank of the Lake specializes in SBA 7a and 504 loans for the hospitality industry. With over $1.1 billion in SBA financing provided, we understand your challenges and can help you secure the funding you need with a warm, professional approach. Whether renovating, expanding, or acquiring a property, we’ll help you find the right SBA loan to grow your business.
The Numbers
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Largest SBA Lender^
Small Businesses Helped 2020-2024
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The First Bank of the Lake rep and I bonded over faith, fishing and finance. They got my loan done in under 30 days in very, very trying circumstances.
Issac Reed
President, Reed’s Moving Services
If we ever need business capital, my first call would be to First Bank of the Lake. Why would I look elsewhere?
Barry Norfleet
Co-founder, Lifetime Green Coatings - Kentucky
I got my $345,000 SBA loan approved from First Bank of the Lake in 35 days!
Kasia Anderson
President, Woof Gang Bakery - Bradenton, FL
First Bank of the Lake was the best banking experience I have ever had.
Andy
Co-founder, President, Winter Park Ski Rental
The bank process was as easy it could be. The biggest thing is how transparent and reliable they were.
Tyler Green
Co-founder, President, Freelite AZ
My First Bank of the Lake rep was great – Easily the finest banker I have dealt with in my life.
Dan Billings
President, Tint World - San Antonio
Big thanks to Emil and the First Bank of the Lake team. I would recommend them to anyone else in a heartbeat and I would absolutely use them again.
Rock Katic
President, Perfect Moving
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