Borrowing Money for Hotels and Motels

Looking for loans for hotels and motels? The SBA may be the answer. This $215,038 hotels and motels loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fairfield, California was able to borrow $215,038 from First Northern Bank Of Dixon. The SBA made the loan possible by guaranteeing $161,279 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
FAIRFIELD, CA 94533

SBA Loan Lender

FIRST NORTHERN BANK OF DIXON
1300 HARBOR BLVD
WEST SACRAMENTO, CA 95691

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/18/2001

Loan Approval Gross Amount

$215,038

Loan Approval from the SBA

Of the total $215,038 loan amount, the SBA guaranteed $161,279.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Fairfield CA, you ought to talk with a local Fairfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fairfield businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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