Alliance Business Capital is pleased to announce we have successfully closed a loan for the purchase of a Hampton Inn and Suites located in ND. The borrower came to Alliance seeking financing for the purchase of an existing Hampton Inn and Suites and Alliance was able to assist with an SBA 7(a).
Under the Cares Act the SBA Guarantee Fee was waived saving the borrower approximately $90,000 and the SBA is making payments of $9000 a month for the first 3 months of the borrowers payments.
