SBA Loans for Sonesta Simply Suites Franchises
Who actually funds Sonesta Simply Suites SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2023 to 2026.
Top lenders funding Sonesta Simply Suites SBA loans
Ranked by number of Sonesta Simply Suites 7(a) loans approved since 2023.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | American Bank | 2 | $10.0M | $5.0M |
| 2 | Celtic Bank Corporation | 1 | $5.0M | $5.0M |
Source: SBA FOIA 7(a) loan-level data, 2023 to 2026. Shows lenders with at least one approved Sonesta Simply Suites loan in this period, ranked by loan count.
Sonesta Simply Suites SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| OH | 2 | $10.0M | $5.0M |
| NJ | 1 | $5.0M | $5.0M |
Sonesta Simply Suites SBA loans by year
How Sonesta Simply Suites SBA loans have performed
Outcomes for every funded Sonesta Simply Suites 7(a) loan approved since FY2010. Each SBA loan usually finances one location, so read these as an estimate of units.
Source: SBA FOIA 7(a) loan-level data. Defaulted means the SBA purchased the guaranty (charged off, or purchased and not yet charged off). Recent loans have had less time to default, and small loan counts swing widely, so one or two loans can move these percentages a lot.
SBA lender notes for Sonesta Simply Suitesfrom the SBA Franchise Directory
1. If the Franchisor or its affiliate provides the Applicant with a loan, Lender/CDC must include the availability of the loan in the credit elsewhere determination in accordance with SOP 50 10. 2. If Applicant also operates under a management agreement with a third party, Lender/CDC must review the management agreement in accordance with SOP 50 10 to determine if there is affiliation between the Applicant and the management company. The Applicant is not eligible if the management company is, or is affiliated with, the Franchisor.
How to use this
The lenders above have actually closed SBA 7(a) loans for Sonesta Simply Suites franchisees, so they already understand the brand's model, unit economics, and franchise agreement. That familiarity usually means a faster, cleaner underwrite than a lender seeing the concept for the first time.
A lender being active historically doesn't mean they're the right fit for your deal size, location, or timing right now. That's where we come in, and we match your Sonesta Simply Suites deal to a lender currently funding this brand.
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