Small Business Loans for Hotels and Motels

Looking for small business loans for hotels and motels? Talk to a banker who works with the SBA. This $1,134,800 hotels and motels loan was issued by a Kansas bank.

Getting a small business loan in Cheyenne, Wyoming was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Premier Bank, operating out of Lenexa, Kansas. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
CHEYENNE, WY 82001

SBA Loan Lender

PREMIER BANK
15301 W 87TH ST PARKWAY
LENEXA, KS 66219

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/31/2007

Loan Approval Gross Amount

$1,134,800

Loan Approval from the SBA

Of the total $1,134,800 loan amount, the SBA guaranteed $851,100.

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 3 employees. This SBA loan request indicated that the loan would help generate 12 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Premier Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Startup Funding Tip

Find an SBA Lender in Lenexa, Kansas

SBA Participating Banks in Kansas