Commercial Loans for Hotels and Motels

Looking for commercial loans for hotels and motels? Talk to a banker who works with the SBA. This $145,000 hotels and motels loan was issued by a Nebraska bank.

This small business knew how to go about getting a business bank loan. Based in Hamburg, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was American National Bank, based in Omaha, Nebraska.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
HAMBURG, IA 51640

SBA Loan Lender

AMERICAN NATIONAL BANK
8990 W DODGE RD
OMAHA, NE 68114

This commercial 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

7/19/2006

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

The Friends and Family Network

SBA Approved Banks in Omaha, Nebraska

Nebraska SBA 7A Lenders