SBA Loans for Hotels and Motels

Looking for SBA loans for hotels and motels? Talk to a banker who works with the SBA. This $1,545,900 hotels and motels loan was issued by a Georgia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brunswick, Georgia was able to borrow $1,545,900 from Security Bank Of North Metro. The SBA made the loan possible by guaranteeing $1,159,425 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
BRUNSWICK, GA 31520

SBA Loan Lender

SECURITY BANK OF NORTH METRO
155 TOWNE LAKE PKWY
WOODSTOCK, GA 30188

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

9/13/2005

Loan Approval Gross Amount

$1,545,900

Loan Approval from the SBA

Of the total $1,545,900 loan amount, the SBA guaranteed $1,159,425.

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 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,545,900 loan. Remember, if it to be, it is up to me!

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.

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