How to Get a Loan for Hotels and Motels
With these SBA loans for hotels and motels, the SBA guarantees the lender that the loan will be repaid. This hotels and motels loan for $1,581,000 was given to a Louisiana entrepreneur in 2005.
This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Bank And Trust, out of Kenner, Louisiana. The loan was granted and they received $1,581,000 to help grow their Bridge City, Louisiana business.
SBA Loan Borrower
COMPANY TYPE: HOTELS AND MOTELS
BRIDGE CITY, LA 70094
SBA Loan Lender
FIRST BANK AND TRUST
3417 WILLIAMS BLVD
KENNER, LA 70065
This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a deep knowledge SBA loan requirements.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
721110 - Hotels and Motels
Loan Approval Date
1/25/2005
Loan Approval Gross Amount
$1,581,000
Loan Approval from the SBA
Of the total $1,581,000 loan amount, the SBA guaranteed $1,185,750.
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 only one employee. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
This SBA loan was for $1,581,000. How would you spend $1,581,000 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:
How to Raise Money
Banks in Kenner, Louisiana
Louisiana SBA 7A Lenders