Financing for Hotels and Motels

Looking for loans for hotels and motels? Talk to a banker who works with the SBA. This $550,000 hotels and motels loan was issued by an Idaho bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Coeur D'Alene, Idaho was able to borrow $550,000 from Bankcda. The SBA made the loan possible by guaranteeing $412,500 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
COEUR D'ALENE, ID 83814

SBA Loan Lender

BANKCDA
1052 W MILL AVE
COEUR D'ALENE, ID 83814

This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and are well trained in SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

1/7/2005

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bankcda and they will explain how you can get an SBA loan for your company.

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 Borrow Money

SBA 7A Banks in Coeur D'Alene, Idaho

SBA Lenders in Idaho