How to Get a Loan for Hotels and Motels

Looking for business loans for hotels and motels? Try the SBA. This $955,000 hotels and motels loan was issued by a Georgia bank.

Getting a small business loan in Alma, Georgia was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Alma Exchange Bank & Trust, operating out of Alma, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
ALMA, GA 31510

SBA Loan Lender

ALMA EXCHANGE BANK & TRUST
501 W 12TH ST
ALMA, GA 31510

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

7/26/2000

Loan Approval Gross Amount

$955,000

Loan Approval from the SBA

Of the total $955,000 loan amount, the SBA guaranteed $716,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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Banks in Alma, Georgia

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