Financing for Hotels and Motels

Looking for commercial loans for hotels and motels? Talk to a banker who works with the SBA. This $320,000 hotels and motels loan was issued by a Florida bank.

This business knew how to go about getting a business bank loan. Based in Clearwater, Florida, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Internatl Bank - Miami, based in Coral Gables, Florida.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
CLEARWATER, FL 33765

SBA Loan Lender

INTERNATL BANK - MIAMI
121 ALHAMBRA PLAZA
CORAL GABLES, FL 33134

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

11/18/2002

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 $320,000 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:

Borrowing Money from Friends and Family

Find an SBA Lender in Coral Gables, Florida

Getting an SBA Loan in Florida