Hotels & Hospitality

Napa Hoteliers Amplify Business Growth with Multiple SBA 504 Loans

TMC recently helped hoteliers Vikas Patel, Chotubhai Patel and Tejal Patel, secure $5.4M in total project financing.  The funds were used to purchase two hotel properties in Napa.  By utilizing multiple SBA 504 loans, the Patel’s were able to obtain 80% hotel financing at a below market rate, fixed for 25 years.  

Continue

Hospitality financing on a majestic scale: Rush Creek Lodge

“There were so many reasons for the banks to say no. It’s non-flagged, ground-up construction in a remote area, needing all of its own infrastructure, following the economic recession and just after the Rim Fire. Without the SBA piece from TMC, we couldn’t have gotten this done.”

Continue
For more information on the latest COVID-19 relief package & small business resourcesclick here
+ +