 |
 |
November 25, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Hotels And Motels Loan | ||||
 |
||||
Tips for Small Businesses On Getting a Loan
|
||||
 |
Hotels and Motels Bank LoansLooking for bank loans for hotels and motels? The SBA may be the answer. This $691,000 hotels and motels loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Charlotte, North Carolina was able to borrow $691,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $518,250 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender COMERICA BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 1/31/2001 Loan Approval Gross Amount $691,000 Loan Approval from the SBA Of the total $691,000 loan amount, the SBA guaranteed $518,250. 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 15 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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: Obtaining Funding - How to Decide How Much to Raise Best Dallas, Texas Banks for Small Business
|
|
||
|
||||
|
|
||||