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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Carlsbad, Business Loans > Western Commerce Bank Carlsbad Business Loans > Hotels And Motels Loan | ||||
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Western Commerce Bank Loans
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Hotels and Motels SBA LoansLooking for SBA loans for hotels and motels? The SBA may be the answer. This $830,000 hotels and motels loan was issued by a New Mexico bank. Getting a small business loan in Big Lake, Texas was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Western Commerce Bank, operating out of Carlsbad, New Mexico. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender WESTERN COMMERCE BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 2/13/2007 Loan Approval Gross Amount $830,000 Loan Approval from the SBA Of the total $830,000 loan amount, the SBA guaranteed $622,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Western Commerce Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA 7A Banks in Carlsbad, New Mexico
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