SPOKANE, WA—Magnuson Hotels has announced its certification to the U.S. Franchise Industry, the national listing of brands approved by the U.S. Small Business Administration.
Hotel projects that utilize SBA approved brands receive a streamlined process and faster financing approvals, cutting months off the typical loan process, according to Magnuson Hotels. Under this plan, SBA guarantees 75% to 85% of the loan, which the company maintains lowers risks to banks, increasing willingness to provide hotel loans based upon registered brands.