Business Loans for Traveler Accommodation

With these business loans for traveler accommodation, the SBA guarantees the lender that the loan will be repaid. This traveler accommodation loan for $220,000 was given to a Minnesota entrepreneur in 2006.

This business knew how to go about getting a business bank loan. Based in Baudette, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Citizens St. Bank - Kelliher, based in Kelliher, Minnesota.

SBA Loan Borrower

COMPANY TYPE: TRAVELER ACCOMMODATION
BAUDETTE, MN 56623

SBA Loan Lender

CITIZENS ST. BANK - KELLIHER
184 MAIN ST EAST
KELLIHER, MN 56650

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721199 - Traveler Accommodation

Loan Approval Date

1/19/2006

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

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 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $220,000. How would you spend $220,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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SBA Approved Banks in Kelliher, Minnesota

Getting a Business Loan in Minnesota