Raising Money for Hotels and Motels

With these bank loans for hotels and motels, the SBA guarantees the lender that the loan will be repaid. This hotels and motels loan for $435,000 was given to an Arkansas entrepreneur in 2004.

Getting a small business loan in Brinkley, Arkansas was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Colony Bank Southeast, operating out of Douglas, Georgia. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
BRINKLEY, AR 72021

SBA Loan Lender

COLONY BANK SOUTHEAST
625 W WARD ST
DOUGLAS, GA 31533

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

4/19/2004

Loan Approval Gross Amount

$435,000

Loan Approval from the SBA

Of the total $435,000 loan amount, the SBA guaranteed $326,250.

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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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

If you want money for new small business in Brinkley AR, you ought to talk with a local Brinkley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Brinkley businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Colony Bank Southeast so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Credit Evaluation

SBA Participating Banks in Douglas, Georgia

Browse All Business Loan Sources for Georgia