Hotels & Motels
Dedicated. Experienced. These two words explain our approach to hotel/motel lending. We can finance hotel/motel properties in all 50 states and have a long-standing relationship with owners of both franchise and independent hotels.
You name the type of lodging — from hotels and motels in large cities to those in small towns or those along highways — and we've helped the owners receive the necessary financing to make their business dreams come true. We've been lending to hotel and motel owners throughout the United States since 1993.
Whether you need financing to cover the start-up costs of your first hotel or you're looking for funding to expand your operation into other markets, we're here to help.
Since we're a national commercial bank, we can provide loans for properties in all 50 states. The leadership team headed by our bank chairman, Hiren Patel, has the expertise to assist with your new construction, acquisition and renovation funding.
We've worked with top franchises such as Holiday Inn, Marriott, Best Western, Hampton Inn and Super 8 as well as numerous independent properties.
In the business world, the ability to move quickly can often save you thousands of dollars. That's why we strive to provide conditional approvals within 7 to 10 business days.
Loan amounts can vary from $100,000 to $20 million. Loan amounts over $20 million can be available through participation with other banking institutions.
We provide fixed and floating rate loans that are determined by the prevailing interest rates.
Terms range from 1 year to 25 years with balloon payments.
Types of Loans
We provide loans for first mortgages, second mortgages, construction, renovation, acquisition, as we; as SBA 504 and 7A loans.
Other Business Loans
Are you considering starting a restaurant or other type of franchise? If the answer is yes, we invite you to let us help with the funding you need to open your business and help it grow.
We work hard to devise innovative ways for small business owners turn their ideas into reality.
Our understanding of the lending needs of small businesses has enabled us to become one of the 10 largest SBA lenders in Chicago. Since we’re a national commercial bank, we can provide financing for businesses in all 50 states.
We’ve worked with top franchises such as Dunkin' Donuts, Baskin Robbins, Subway and Quizno’s.
In the business world, the ability to move quickly can often save you thousands of dollars. That’s why we strive to provide approvals within 7 to 10 business days.
You can borrow up to $10 million. We’ll take the time to listen to your business goals and help you decide how much financing you need.
Our financing programs are tailored to your needs and are often determined by the economic market. Both fixed and floating rates are available so you can pick the financing that works best for your situation.
We give you options so you can choose what matches your business needs.
Types of Loans
We have hands-on experience with a variety of loans, such as first mortgages and SBA 504 and 7A loans.
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