SBA Loan from Business Loan Center, LLC Helps Hotels And Motels Company
Business Loan Center, LLC has a track record as a leading provider of SBA loans. Find out how this New Hampshire entrepreneur received an SBA loan from them.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hampton Beach, New Hampshire was able to borrow $340,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $255,000 of this New Hampshire small business loan.
SBA Loan Borrower
COMPANY TYPE: HOTELS AND MOTELS
HAMPTON BEACH, NH 03842
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
This lender issued this SBA loan under the SBA 7A lending 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.
SIC Code
7011 - Hotels and Motels
NAICS Code
721110 - Hotels and Motels
Loan Approval Date
1/20/2000
Loan Approval Gross Amount
$340,000
Loan Approval from the SBA
Of the total $340,000 loan amount, the SBA guaranteed $255,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Business Loan Center, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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