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November 24, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Temecula, Business Loans > Mission Oaks National Bank Temecula Business Loans > Hotels And Motels Loan | ||||
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Getting SBA Loans from Mission Oaks National Bank
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Mission Oaks National Bank SBA Loan to Hotels And Motels CompanyAn SBA loan from Mission Oaks National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Casa Grande, Arizona business owner got a $290,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Casa Grande, Arizona was able to borrow $290,000 from Mission Oaks National Bank. The SBA made the loan possible by guaranteeing $217,500 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender MISSION OAKS NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/2/2003 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. 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. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $290,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks in Temecula, California
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