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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Dallas, Business Loans > First Western Sblc, Inc Dallas Business Loans > Hotels And Motels Loan | ||||
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Business Loans for Downey Businesses
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Where to Get Capital for Hotels and MotelsLooking for small business loans for hotels and motels? The SBA may be the answer. This $1,711,000 hotels and motels loan was issued by a Texas bank. This small firm knew how to go about getting a business bank loan. Based in Downey, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Western Sblc, Inc, based in Dallas, Texas. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender FIRST WESTERN SBLC, INC This SBA business loan 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. NAICS Code 721110 - Hotels and Motels Loan Approval Date 4/20/2005 Loan Approval Gross Amount $1,711,000 Loan Approval from the SBA Of the total $1,711,000 loan amount, the SBA guaranteed $1,283,250. 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 16 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $1,711,000. How would you spend $1,711,000 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:
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