Posts Tagged “family owned”

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.  

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