{"id":6065,"date":"2017-06-06T09:53:58","date_gmt":"2017-06-06T16:53:58","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/\/?p=6065"},"modified":"2022-01-12T08:24:55","modified_gmt":"2022-01-12T16:24:55","slug":"expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/","title":{"rendered":"Ampliaci\u00f3n de sus opciones de pr\u00e9stamos para hoteles: financiaci\u00f3n de la compra de un hotel en California con el pr\u00e9stamo 504 de la SBA"},"content":{"rendered":"

\"Refinancing<\/p>\n

There\u2019s a lot to think about when buying commercial real estate for a hotel, and financing your purchase is one of the biggest questions you will face. While many prospective hoteliers know about the 7(a) loan program offered by the Small Business Administration, not everyone knows that there is another option that might be even more attractive: the 504 loan.<\/p>\n

7(a) vs 504 Loans: The Key Differences<\/b><\/p>\n

Many prospective hotel owners are aware that SBA financing is available to them, but have only heard about the 7(a) loan program. This is a loan designed for (although not limited to) business acquisitions, working capital, and inventory and is arranged through a commercial bank. Meanwhile, the 504 loan is better suited for commercial real estate financing, including building acquisitions and renovations.<\/p>\n

The SBA 504 loan offers important advantages for borrowers specifically looking for hospitality properties. With a Certified Development Corporation (CDC) like TMC Financing teaming up with a commercial bank to provide a 504 loan, there are more options for financing with more favorable conditions, including a long-term fixed rate and up to 85% financing with no additional collateral required.[\/vc_column_text][vc_column_text]<\/p>\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nSBA 7(a) loan<\/b><\/td>\nSBA 504 loan<\/b><\/td>\n<\/tr>\n
Use<\/b><\/td>\nPurchase or improvement of land or buildings, construction, purchase of equipment\/furnishings, with the inclusion of working capital and inventory<\/td>\nPurchase or improvement of land or buildings, construction, purchase of equipment\/furnishings<\/td>\n<\/tr>\n
Loan Amount <\/b><\/td>\n$5 million maximum<\/td>\nNo maximum on total loan amount. The SBA portion cannot exceed $5 million or $5.5 million on projects with energy efficiencies implemented.<\/td>\n<\/tr>\n
Collateral<\/b><\/td>\nAssets acquired + personal property<\/td>\nAssets acquired<\/td>\n<\/tr>\n
Terms <\/b><\/td>\n10 – 25 years<\/td>\n10 or 20 years<\/td>\n<\/tr>\n
Rates<\/b><\/td>\nNegotiable, predominantly variable<\/td>\nFixed, below-market rates<\/td>\n<\/tr>\n
Down payment<\/b><\/td>\nNegotiable, starting at 15%<\/td>\n15%<\/td>\n<\/tr>\n
Fees<\/b><\/td>\nPaid out of pocket; usually 2.75%<\/td>\nIncluded in the SBA Loan; approximately 2.15%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Possibly the best feature of the 504 compared to the 7(a) loan is the difference with the interest rate. \u00a0The 504 loan offers a below market rate, fixed for 20 years, while the 7(a) interest rate is variable and unpredictable.<\/p>\n

An additional advantage comes with energy efficiency: Meeting the goal of reducing energy consumption by 10% or using 10% renewable energy brings the huge advantage of allowing the borrower to initiate an unlimited number of new projects.<\/p>\n

California Hoteliers Praise the SBA 504 Loan Program<\/b><\/p>\n

TMC client and hotelier Jay Desai used a 504 loan to acquire and renovate the historic Sonora Inn<\/a>, as well as the Rodeway Inn motel across the street from it. He then went on to acquire the Sands Motel in San Pablo<\/a>, also using 504 loan financing through TMC.<\/p>\n

\u201cThe SBA 504 program makes sense for our approach,\u201d Desai said. \u201cSBA 7(a) financing is limited to $5 million and if you own multiple properties, that doesn\u2019t go very far. If you use the 504 program and go green by installing solar and the like, it doesn\u2019t count against your eligibility.\u201d<\/p>\n

Another TMC client, Shailendra \u201cSam\u201d Devdhara, noted that it pays to look into the 504 option. He has financed motels in San Francisco, Livermore and Santa Clara with TMC. \u201cBecause the SBA 504 program is available, independent hotel owners can get into the business with a smaller outlay of capital,\u201d he said. \u201cThat allows us to make improvements on older properties and upgrade a community\u2019s accommodation offerings. \u00a0Not only do our solar panels save energy, but they help in marketing the hotels. Guests like the idea of going green.\u201d<\/p>\n

Is the 504 Loan the Right Choice for You?<\/b><\/p>\n

Qualifying for a 504 loan isn\u2019t as exclusive as you might imagine. In fact, most businesses in the U.S. qualify for the 504 loan, as long as they meet a few simple guidelines as a privately-owned business which operates for profit.<\/p>\n

Regardless of where you are in the process\u2014whether you have a building picked out or are just hearing about this option for the first time\u2014TMC Financing<\/a> can help guide you through the next steps, from the prequalification process through the duration of your ten or twenty year loan.<\/p>\n

If you are thinking about buying or building a hotel or motel in California or Nevada, you may want to<\/i> talk to one of our local 504 loan experts<\/i><\/a>. We can prequalify you for a 504 loan and provide consultation to help you get the best outcome for your project. <\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Hay mucho en qu\u00e9 pensar al comprar bienes ra\u00edces comerciales para un hotel, y financiar su compra es una de las preguntas m\u00e1s importantes que enfrentar\u00e1. Si bien muchos posibles hoteleros conocen el programa de pr\u00e9stamos 7 (a) que ofrece la Administraci\u00f3n de Peque\u00f1as Empresas, no todos saben que existe otra opci\u00f3n que podr\u00eda ser a\u00fan m\u00e1s atractiva: el pr\u00e9stamo 504.<\/p>","protected":false},"author":19,"featured_media":6066,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[141,166,192,178,205],"tags":[],"class_list":["post-6065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-hotel","category-northern-california","category-sba-101","category-southern-california"],"acf":{"related_posts":false},"yoast_head":"\nExpanding Your Hotel Loan Options: Financing A Hotel Purchase in California With the SBA 504 Loan | TMC Financing<\/title>\n<meta name=\"description\" content=\"Many prospective hotel owners have only heard of the 7(a) loan. The SBA 504 loan offers more advantages for borrowers looking for hospitality properties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tmcfinancing.com\/es\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expanding Your Hotel Loan Options: Financing A Hotel Purchase in California With the SBA 504 Loan\" \/>\n<meta property=\"og:description\" content=\"Many prospective hotel owners have only heard of the 7(a) loan. The SBA 504 loan offers more advantages for borrowers looking for hospitality properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tmcfinancing.com\/es\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"TMC Financing\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/TMC-Financing\/285163574849957\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-06T16:53:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T16:24:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tmcfinancing.com\/wp-content\/uploads\/2017\/06\/AdobeStock_107769430-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbara Morrison\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TMCFinance\" \/>\n<meta name=\"twitter:site\" content=\"@TMCFinance\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Barbara Morrison\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutos\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Expanding Your Hotel Loan Options: Financing A Hotel Purchase in California With the SBA 504 Loan | TMC Financing","description":"Many prospective hotel owners have only heard of the 7(a) loan. The SBA 504 loan offers more advantages for borrowers looking for hospitality properties.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.tmcfinancing.com\/es\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/","og_locale":"es_MX","og_type":"article","og_title":"Expanding Your Hotel Loan Options: Financing A Hotel Purchase in California With the SBA 504 Loan","og_description":"Many prospective hotel owners have only heard of the 7(a) loan. The SBA 504 loan offers more advantages for borrowers looking for hospitality properties.","og_url":"https:\/\/www.tmcfinancing.com\/es\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/","og_site_name":"TMC Financing","article_publisher":"http:\/\/www.facebook.com\/pages\/TMC-Financing\/285163574849957","article_published_time":"2017-06-06T16:53:58+00:00","article_modified_time":"2022-01-12T16:24:55+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.tmcfinancing.com\/wp-content\/uploads\/2017\/06\/AdobeStock_107769430-scaled.jpeg","type":"image\/jpeg"}],"author":"Barbara Morrison","twitter_card":"summary_large_image","twitter_creator":"@TMCFinance","twitter_site":"@TMCFinance","twitter_misc":{"Escrito por":"Barbara Morrison","Tiempo de lectura":"4 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/#article","isPartOf":{"@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/"},"author":{"name":"Barbara Morrison","@id":"https:\/\/www.tmcfinancing.com\/#\/schema\/person\/f74642f41776fff723a7e5bbb5fb3d48"},"headline":"Expanding Your Hotel Loan Options: Financing A Hotel Purchase in California With the SBA 504 Loan","datePublished":"2017-06-06T16:53:58+00:00","dateModified":"2022-01-12T16:24:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/"},"wordCount":713,"publisher":{"@id":"https:\/\/www.tmcfinancing.com\/#organization"},"image":{"@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tmcfinancing.com\/wp-content\/uploads\/2017\/06\/AdobeStock_107769430-scaled.jpeg","articleSection":["Education","Hotels & Hospitality","Northern California","SBA 101","Southern California"],"inLanguage":"es"},{"@type":"WebPage","@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/","url":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/","name":"Expanding Your Hotel Loan Options: Financing A Hotel Purchase in California With the SBA 504 Loan | TMC Financing","isPartOf":{"@id":"https:\/\/www.tmcfinancing.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/#primaryimage"},"image":{"@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tmcfinancing.com\/wp-content\/uploads\/2017\/06\/AdobeStock_107769430-scaled.jpeg","datePublished":"2017-06-06T16:53:58+00:00","dateModified":"2022-01-12T16:24:55+00:00","description":"Many prospective hotel owners have only heard of the 7(a) loan. The SBA 504 loan offers more advantages for borrowers looking for hospitality properties.","breadcrumb":{"@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/#primaryimage","url":"https:\/\/www.tmcfinancing.com\/wp-content\/uploads\/2017\/06\/AdobeStock_107769430-scaled.jpeg","contentUrl":"https:\/\/www.tmcfinancing.com\/wp-content\/uploads\/2017\/06\/AdobeStock_107769430-scaled.jpeg","width":2560,"height":1707,"caption":"Guest takes room key card at check-in desk of hotel, close up"},{"@type":"BreadcrumbList","@id":"https:\/\/www.tmcfinancing.com\/expanding-your-hotel-loan-options-financing-a-hotel-purchase-in-california-with-sba-504-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tmcfinancing.com\/"},{"@type":"ListItem","position":2,"name":"Success Stories","item":"https:\/\/www.tmcfinancing.com\/category\/success-stories\/"},{"@type":"ListItem","position":3,"name":"Hotels & Hospitality","item":"https:\/\/www.tmcfinancing.com\/category\/success-stories\/hotel\/"},{"@type":"ListItem","position":4,"name":"Expanding Your Hotel Loan Options: Financing A Hotel Purchase in California With the SBA 504 Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.tmcfinancing.com\/#website","url":"https:\/\/www.tmcfinancing.com\/","name":"Financiamiento TMC","description":"Prestamista No. 1 de la SBA 504 en la naci\u00f3n","publisher":{"@id":"https:\/\/www.tmcfinancing.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tmcfinancing.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/www.tmcfinancing.com\/#organization","name":"TMC Financing, Inc.","url":"https:\/\/www.tmcfinancing.com\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/www.tmcfinancing.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.tmcfinancing.com\/wp-content\/uploads\/2015\/08\/logo.png","contentUrl":"https:\/\/www.tmcfinancing.com\/wp-content\/uploads\/2015\/08\/logo.png","width":130,"height":133,"caption":"TMC Financing, Inc."},"image":{"@id":"https:\/\/www.tmcfinancing.com\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/www.facebook.com\/pages\/TMC-Financing\/285163574849957","https:\/\/x.com\/TMCFinance","http:\/\/www.linkedin.com\/company\/57173","http:\/\/www.youtube.com\/user\/tmcfinancingTV"]},{"@type":"Person","@id":"https:\/\/www.tmcfinancing.com\/#\/schema\/person\/f74642f41776fff723a7e5bbb5fb3d48","name":"Barbara Morrison","description":"Barbara Morrison, defensora local de peque\u00f1as empresas y l\u00edder c\u00edvica, fund\u00f3 su primera empresa TMC Financing en 1981. TMC es una empresa de desarrollo certificada que proporciona financiaci\u00f3n de bienes ra\u00edces comerciales a propietarios de peque\u00f1as empresas a trav\u00e9s del Programa de pr\u00e9stamos 504 de la SBA. TMC se ubica constantemente entre las principales empresas de desarrollo certificadas a nivel nacional y ha financiado proyectos por valor de m\u00e1s de $9 mil millones en California y Nevada. Cerca de 5.000 peque\u00f1as empresas se han beneficiado de este financiamiento, lo que ha dado lugar a la creaci\u00f3n de unos 50.000 puestos de trabajo. TMC es tambi\u00e9n el prestamista hotelero n\u00famero 1 de la SBA 504 en los Estados Unidos. Barbara tambi\u00e9n es la fundadora de Working Solutions, un microcr\u00e9dito del \u00c1rea de la Bah\u00eda cuya misi\u00f3n es proporcionar a los microempresarios, en particular a las personas de bajos ingresos, las mujeres y las minor\u00edas, el acceso al capital y los recursos que necesitan para iniciar un negocio exitoso.","url":"https:\/\/www.tmcfinancing.com\/es\/author\/barbara-morrison\/"}]}},"_links":{"self":[{"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/posts\/6065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/comments?post=6065"}],"version-history":[{"count":0,"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/posts\/6065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/media\/6066"}],"wp:attachment":[{"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/media?parent=6065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/categories?post=6065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tmcfinancing.com\/es\/wp-json\/wp\/v2\/tags?post=6065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}