Barnstable Town hotel: cape Cod hotels: a 504 market with a small median

On hotel and motel loans the area ranking puts Barnstable Town at 47 of 807, and the class list puts hotel and motel at 3 of 39 inside Barnstable Town. The location quotient of 1.83x gives lodging nearly twice its national weight and a third-place rank locally. The files hold 38 loans for $38.6 million, all in Barnstable County. In Barnstable Town the hotel median, $560,000, is 0.26x of the countrywide figure; usual loans run $284,000 to $1.5 million. The median is about a quarter of the national hotel figure, which suggests small inns and motels rather than branded towers.

SBA 7(a) accounts for 11 of the Barnstable Town hotel loans, SBA 504 for 27. Barnstable Town franchise ownership of hotel stands at 15.8%. That is a low brand share for lodging. The 504 names are 14 loans ($14.7 million) held by Cape & Islands Community Development, Inc. and 8 loans ($8.6 million) held by Bay Colony Development Corporation. The names above for Barnstable Town as whichever lender holds the paper, without judging how Bay Colony Development Corporation lends. Holdings are the statement.

Within Barnstable Town, hotel approvals had the cohorts FY2017 to FY2024 carry a floor of 15.2%, and reality may run higher. The Barnstable Town hotel record has nothing prints for charge-off data and the ceiling rate because the count falls short; none is inferred. FY2017 shows 6 loans for $4.3 million; and FY2020 shows 6 loans for $3.6 million.

A reader should note that the 504 program dominates by count while the 7(a) program is small, which suggests real property and equipment more than working capital.

Barnstable Town hotel: what a Cape Cod lodging study tests

A Barnstable Town borrower reports one hotel and motel code, and the files therefore mix every level of service. A study should test seasonality above all, the shoulder months, property condition, local licensing and property limits, and debt service when a short season earns most of the year. Placement of hotel loans in Barnstable Town works via a project county lookup by way of July 2023 boundaries. Loans without matches are omitted. The data is placed alongside a hotel venture within Barnstable Town, with Daniel Smith, MAI, signing it; nothing here pledges credit.

SBA hotel and motel loans in the Barnstable Town, MA Metro Area

Loans approved, FY2017 to FY2026	38
Gross dollars approved	$38.6 million
Median loan	$560,000
Middle half of loans, from	$284,000
Middle half of loans, to	$1.5 million
SBA 7(a) loans	11
SBA 504 loans	27
Franchise share of loans	15.8%
Rank among metro and micro areas for hotel and motel loans	47 of 807
Rank of hotel and motel among the classes in this area	3 of 39
Location quotient (share of loans against the national share)	1.83x
Median loan against the national median for the class	0.26x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	15.2%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA hotel and motel loans approved in the Barnstable Town, MA Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	6	$4.3 million
FY2018	withheld	withheld
FY2019	withheld	withheld
FY2020	6	$3.6 million
FY2021	withheld	withheld
FY2022	withheld	withheld
FY2023	withheld	withheld
FY2024	withheld	withheld
FY2025	withheld	withheld
FY2026	withheld	withheld

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Cape & Islands Community Development, Inc.	14	$14.7 million
Bay Colony Development Corporation	8	$8.6 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Barnstable County, MA	38

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

One code for hotels and motels; limited service and full service cannot be separated.

Shared code: Hotels and motels share 721110.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-12700-C07.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a hotel and motel project in the Barnstable Town, MA Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Hotel Feasibility Study in the Barnstable Town, MA Metro Area