SBA 504 Hotel Feasibility Study in South Carolina

Size, rank and loan sizes of South Carolina hotel and motel loans under SBA 504

On hotel and motel projects in South Carolina, SBA recorded 36 approvals, $106.6 million in gross dollars, in South Carolina under 504 across FY2017 to FY2026. Counting approvals, South Carolina takes position 29 for hotel and motel in this program, and inside South Carolina the class is 1 of 39. The median hotel and motel loan in South Carolina is $3.0 million; against the national median for hotel and motel loans under SBA 504, 1.46x is the ratio, so South Carolina borrowers take heavier loans as their peers elsewhere. Between $2.1 million and $3.7 million lies half of the approvals in South Carolina. The franchise share of South Carolina loans is 69.4%. The $3.0 million median is where South Carolina hotel and motel borrowers under SBA 504 part company from two benchmarks: South Carolina hotel and motel loans across every program, and hotel and motel loans under SBA 504 nationwide.

Lenders, counties and timing in South Carolina

Leading the certified development companies table for South Carolina: Provident Business Financial Services, Inc. at $39.8 million across 13 loans; Certified Development Corporation of South Carolina at $24.0 million across 9 loans; Appalachian Development Corporation at $19.8 million across 6 loans. The South Carolina hotel and motel table tracks whoever owns each South Carolina loan; the originator of those 13 loans can differ. By county, Horry with 6, Berkeley with 4, York with 4 and Beaufort with 3 top the hotel and motel approvals in South Carolina. Timing shows a simple story for hotel and motel in South Carolina: approvals peaked at 7 loans, worth $20.1 million, in FY2025, with FY2026 at 3 loans and $10.2 million; FY2017, the first year on record, stood at 5.

Hotel and motel outcomes in South Carolina, treated as minimums

Cancellation after approval is not printed for South Carolina hotel and motel, since the cohort approved from FY2017 to FY2024 holds too few hotel and motel loans among the 36 to support a rate; a hotel and motel blank for South Carolina means held back, never a zero. Losses get no printed rate for South Carolina hotel and motel: among the 36 loans, too few were disbursed from FY2017 to FY2021 to give a figure, so that South Carolina figure is withheld, and no blank here should be read as nil. Every South Carolina hotel and motel rate on this page is a minimum, because open hotel and motel loans among the 36 may yet fail. Bear this in mind while reading South Carolina's 36 loans: no line separates a select-service hotel and a full-service one; hotels and motels share the same classification.

What a South Carolina hotel and motel study has to test

In South Carolina, two debts sit behind each of the 36 504 hotel and motel projects: a certified development company in South Carolina lends one, while an unrelated South Carolina lender lends the other. A hotel and motel study must prove that the acquired hotel and motel site and its equipment can support both, with South Carolina equity from the borrower. A South Carolina hotel and motel study assembles a competitive set and asks if South Carolina demand has room for added rooms. Brand standards, renovation plans and opening costs must be itemised for the South Carolina budget. The coverage test runs at $3.0 million and again at $3.7 million, plus a slower scenario, so a South Carolina lender can see where hotel and motel coverage thins. Hotel appraisals rest on mature revenue per room and net income, and our forecast must give an occupancy path the appraiser will accept. A borrower who approaches Provident Business Financial Services, Inc. needs to use its 13 loans here as context only: SBA's numbers show loans, not any requirements.

What South Carolina institutions backed before is history, 36 loans' worth; a hotel and motel study from Daniel Smith, MAI, for South Carolina handles the project and site questions, and these South Carolina totals guarantee no approval.