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Our hotel Construction loan checklist

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Part 1: Guarantor's financial information

1) Download the following zip file that includes the required forms:

Press to download SBA hotel loan forms
Forms in this zip file: Personal financial statement, Schedule of Real Estate affiliates, Business Debt Schedule for the subject hotel and the affiliates, Personal budget analysis form, Management resume, 4506, Historical statistics form

2) Last statements for checking and saving account, stock and IRA/401K account, and the life insurance if there is a cash surrender value

3) Last mortgage statement for all real estate owned

4) Consumer Experian and Equifax credit reports from

5) Three years of personal electronic FULL COPY of federal 1040 returns

6) Guarantor's financial of the other affiliates owned  at 20% or more:

Part 2: Hotel's financial information

7) Feasibility studay

8) STAR report

9) Projections for 12 months and 3 years - There needs to be assumptions supported by the feasibility study and the STAR report for the ADR, Occupancy, and the expense items on the projection

10) Closing statement of the land parcel where the hotel will be developed

11) A copy of the franchise agreement or approval

12) Full cost breakdown for the development and the detailed breakdown for the construction costs

13) Cost breakdown for the FF&E

14) Architecture high level plans (pdf format) showing for each floor the number of rooms and sqft of the rooms and the floor

16) A copy (pdf format) of the survey

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