Hotel in Harrisburg: the loan record

Harrisburg gets 30 loans approved for hotel, $89.8 million gross, from FY2017 to FY2026. Harrisburg, on hotel loans, holds place 67 of 807 among areas. Inside Harrisburg, hotel places 3 of 39. Harrisburg has a quotient of 1.97x, hotel above the national share.

Harrisburg loan sizes and mix

The median Harrisburg loan is $3.2 million; $1.7 million to $4.6 million holds the middle half. Harrisburg stands at 1.46x against the national class median. Harrisburg loans run above the national middle. Harrisburg has 25 loans under 7(a). Harrisburg has 5 under 504. Harrisburg finances fixed assets through 504. In Harrisburg, 7(a) is the broader program. Harrisburg's split shows its financing mix. Harrisburg prints no franchise share. Too few Harrisburg loans support one. Harrisburg loans run bigger. In Harrisburg, a study must prove the payment.

Harrisburg holders and counties

Holder in Harrisburg: Fulton Bank, National Association, 7 loans, $29.1 million, SBA 7(a). Listed Harrisburg names are current holders, per SBA. Harrisburg rows speak to files, not requirements. Harrisburg borrowers read the list as holders. Harrisburg hotel lenders get first tests. In Harrisburg, by county, the loans are 21 in Dauphin County, PA and 9 in Cumberland County, PA.

Harrisburg floors, limits and yearly record

Harrisburg floors follow Loan Analytics' own rule. That Harrisburg cohort holds fewer than 30 loans. The Harrisburg cohort covers FY2017 to FY2021 disbursements. So Harrisburg prints no cancellation floor. So Harrisburg prints no charge-off floor. Harrisburg's blank floor is no zero. Harrisburg borrowers learn little from it. Any Harrisburg rate that prints is a floor. Harrisburg borders come from the July 2023 list. Harrisburg places each loan by project county. Harrisburg drops loans with unplaceable counties. Harrisburg note: The Harrisburg figures blend lodging of every service level, since the code treats hotels and motels as one class.

Harrisburg: testing a hotel project

Harrisburg treats $1.7 million to $4.6 million as the range to explain in Harrisburg. We would test the Harrisburg property improvement budget, the age of the building and the reserve needed to keep rooms competitive. The appraisal in Harrisburg values a hotel as a going concern, so a study separates the real estate from furniture and the operating business. A Harrisburg study should examine supply already open and under way, because new rooms can dilute demand for existing ones. Daniel Smith, MAI, signs each Harrisburg study. Harrisburg demand and cost come first. In Harrisburg, coverage follows, then the appraisal. Harrisburg borrowers are promised no approval here.

SBA hotel and motel loans in the Harrisburg-Carlisle, PA Metro Area

Loans approved, FY2017 to FY2026	30
Gross dollars approved	$89.8 million
Median loan	$3.2 million
Middle half of loans, from	$1.7 million
Middle half of loans, to	$4.6 million
SBA 7(a) loans	25
SBA 504 loans	5
Franchise share of loans	withheld
Rank among metro and micro areas for hotel and motel loans	67 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)	1.97x
Median loan against the national median for the class	1.46x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	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.

Approvals by fiscal year are withheld for this area, so that no year of fewer than 5 loans can be derived.

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Fulton Bank, National Association	7	$29.1 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
Dauphin County, PA	21
Cumberland County, PA	9

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-25420-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 Harrisburg-Carlisle, PA 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 Harrisburg-Carlisle, PA Metro Area