Business Loans for Hotels and Motels

Looking for business loans for hotels and motels? Talk to a banker who works with the SBA. This $1,417,500 hotels and motels loan was issued by a Colorado bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Aurora, Colorado was able to borrow $1,417,500 from Premier Bank. The SBA made the loan possible by guaranteeing $999,989 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
AURORA, CO 80011

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/10/2001

Loan Approval Gross Amount

$1,417,500

Loan Approval from the SBA

Of the total $1,417,500 loan amount, the SBA guaranteed $999,989.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 4 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

Equity Financing

SBA Banks in Denver, Colorado

Getting an SBA Loan in Colorado