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December 25, 2024  
 
 
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Examples of Desert Hot Springs SBA Loans

 

 
Loan Census SBA Loan Info

Borrowing Money for Hotels and Motels

Looking for bank loans for hotels and motels? Talk to a banker who works with the SBA. This $290,000 hotels and motels loan was issued by an Utah bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Zions First National Bank, out of West Valley City, Utah. The loan was granted and they received $290,000 to help grow their Desert Hot Springs, California business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
DESERT HOT SPRINGS, CA 92240

SBA Loan Lender

ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/31/2000

Loan Approval Gross Amount

$290,000

Loan Approval from the SBA

Of the total $290,000 loan amount, the SBA guaranteed $217,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This SBA loan was for $290,000. How would you spend $290,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

How to Raise Money

Where to Get an SBA Loan in West Valley City, Utah

SBA Lenders in Utah