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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Delta, Business Loans > Bank Of Colorado Delta Business Loans > Hotels And Motels Loan | ||||
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Good Banks for Cedaredge Businesses
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Getting an SBA Loan for Hotels and MotelsLooking for commercial loans for hotels and motels? Talk to a banker who works with the SBA. This $150,000 hotels and motels loan was issued by a Colorado bank. This business knew how to go about getting a business bank loan. Based in Cedaredge, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of Colorado, based in Delta, Colorado. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender BANK OF COLORADO SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/25/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower 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 SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Advice on Getting a Small Business Loan
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