Hotels and motels in the Toledo area

Toledo, OH metro area lodging, meaning hotels and motels, ranks 3 of 39 within the area's classes. Lodging approvals total 36 loans and $85.5 million for FY2017 to FY2026, and the area is 55 of 807 for the class nationally. A location quotient of 1.24x shows lodging claiming a bigger share of Toledo loans than of loans nationally. A median loan of $2.4 million is 1.11x the class's national median, which puts the usual lodging loan a little above its national counterpart.

Loan sizes and counties

From $1.4 million to $3.1 million lies the middle half of loans. Lucas County, OH records 25 of the loans. Loan Analytics withholds the split between SBA programs and the franchise share, and no lender is named, so this page leaves out who holds the loans and under which brand the hotels trade.

Volume prints for five years. FY2017 shows 7 loans and $11.2 million. FY2021 shows 0 loans and $0, so no hotel loan was approved that year. FY2022 shows 5 loans and $15.6 million, FY2025 shows 6 loans and $18.5 million, and FY2026 shows 6 loans and $17.8 million, a complete year. Years not listed rest on too few loans to show, which is not a count of nothing. Cancellation and charge-off rates are not shown, because the cohort sits under the 30 loans Loan Analytics needs before it prints a rate.

Limits, and what a lodging study has to test

One industry code covers all lodging, which prevents separating limited service from full service, and a loan lands in this area only if its project county sits on the July 2023 list for Toledo. A feasibility study for a hotel here has to test demand from the segments the property will actually serve, the rate and occupancy that follow, and the cost to build or renovate against a typical loan of $2.4 million. Show the debt payment covered in a slow year and a stabilised one, put brand-required improvements in the budget, and the appraisal has to value the going concern with care. Month-by-month cash flow through the weakest season, not an annual average, is the form a lender will find most useful.

SBA hotel and motel loans in the Toledo, OH Metro Area

Loans approved, FY2017 to FY2026	36
Gross dollars approved	$85.5 million
Median loan	$2.4 million
Middle half of loans, from	$1.4 million
Middle half of loans, to	$3.1 million
SBA 7(a) loans	withheld
SBA 504 loans	withheld
Franchise share of loans	withheld
Rank among metro and micro areas for hotel and motel loans	55 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)	1.24x
Median loan against the national median for the class	1.11x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	not reported: fewer than 30 loans in the cohort
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	not reported: fewer than 30 loans in the cohort

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 Toledo, OH Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	7	$11.2 million
FY2018	withheld	withheld
FY2019	withheld	withheld
FY2020	withheld	withheld
FY2021	0	$0
FY2022	5	$15.6 million
FY2023	withheld	withheld
FY2024	withheld	withheld
FY2025	6	$18.5 million
FY2026	6	$17.8 million

Where the loans are, by county

County	Loans
Lucas County, OH	25

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-45780-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 Toledo, OH 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 Toledo, OH Metro Area