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November 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > West Valley City, Business Loans > Zions First National Bank West Valley City Business Loans > Hotels And Motels Loan | ||||
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Examples of Desert Hot Springs SBA Loans
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Borrowing Money for Hotels and MotelsLooking 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 SBA Loan Lender ZIONS FIRST NATIONAL BANK 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: Where to Get an SBA Loan in West Valley City, Utah
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