Chevy Chase, Maryland Lender Lends Money to Hotels And Motels Company

Want to talk with a Chevy Chase, Maryland bank about a business loan? Here's one Texas business loan, issued by a Chevy Chase bank, that was approved by the SBA.

Applying for an SBA loan with Mainstreet Lender 7(a), LLC worked out well for our friends at one local business in Houston, Texas. They received an SBA loan for $1,285,000. Nice!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
HOUSTON, TX 77090

SBA Loan Lender

MAINSTREET LENDER 7(A), LLC
2 WISCONSIN CIRCLE, 9TH FLOOR
CHEVY CHASE, MD 20815

This commercial loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

10/12/2005

Loan Approval Gross Amount

$1,285,000

Loan Approval from the SBA

Of the total $1,285,000 loan amount, the SBA guaranteed $963,750.

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 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,285,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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