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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Rafael, Business Loans > Tamalpais Bank San Rafael Business Loans > Hotels And Motels Loan | ||||
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Tamalpais Bank SBA 7A Loans
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Hotels and Motels SBA LoansLooking for SBA loans for hotels and motels? Try the SBA. This $250,000 hotels and motels loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Castro Valley, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Tamalpais Bank, based in San Rafael, California. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender TAMALPAIS BANK This lender provides SBA guaranteed business loans 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 2/22/2007 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $135,000. 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 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Getting an SBA Loan For Your Business 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Tamalpais Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Borrowing Money from Friends and Family Find an SBA Lender in San Rafael, California
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