{"citation":"SBA loans to hotels and motels in Arizona. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/hotels-motels/arizona/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/industries/hotels-motels/arizona/","title":"SBA loans to hotels and motels in Arizona","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"}],"data":{"window":{"id":"all","from":"2019-10-01","to":"2026-06-30"},"state":{"code":"AZ","name":"Arizona"},"industry":{"naics":"721110","name":"Hotels (except Casino Hotels) and Motels","url":"/industries/hotels-motels/"},"loans":98,"dollars_approved":243927700,"measures":{"share_of_all_loans_pct":{"state":1.449,"national":1.515,"reading":"No clear gap"},"median_loan":{"state":2267450,"national":2371000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":1208000,"p75":3810000},"national":{"p25":1302625,"p75":3800875}},"startup_pct":{"state":6.1,"national":8.3,"reading":"No clear gap"},"new_pct":{"state":21.4,"national":22.5,"reading":"No clear gap"},"existing_pct":{"state":53.1,"national":34.3,"reading":"Clearly higher"},"ownership_pct":{"state":17.3,"national":33.3,"reading":"Clearly lower"},"express_pct":{"state":null,"national":2.9,"reading":"No clear gap"},"loc_pct":{"state":null,"national":1.6,"reading":"No clear gap"},"median_term_months":{"state":300,"national":300},"median_spread_over_prime_points":{"state":1.75,"national":1.5}},"clear_gaps":["existing"],"top_lenders":{"Summit State Bank":12,"Celtic Bank":10,"America First":5,"Commonwealth Business Bank":5,"Enterprise Bank & Trust":5},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials. Spread over Prime is the rate at approval minus Prime that day, not today's rate."}}