Oakland, Maryland Bank Lends Money to Hotels And Motels Company in Grantsville, Maryland

Get business loans from an Oakland, Maryland bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Susquehanna Bank is a Oakland, Maryland small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Maryland company.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
GRANTSVILLE, MD 21536

SBA Loan Lender

SUSQUEHANNA BANK
305 E OAK ST
OAKLAND, MD 21550

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721191 - Bed-and-Breakfast Inns

Loan Approval Date

11/7/2001

Loan Approval Gross Amount

$124,400

Loan Approval from the SBA

Of the total $124,400 loan amount, the SBA guaranteed $105,740.

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 3 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Grantsville MD, you ought to talk with a local Grantsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grantsville 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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