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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Durango, Business Loans > 1st National Bank - Durango Durango Business Loans > Hotels And Motels Loan | ||||
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Kansas Small Business Funding
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How to Get a Loan for Hotels and MotelsLooking for business loans for hotels and motels? The SBA may be the answer. This $125,000 hotels and motels loan was issued by a Colorado bank. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with 1st National Bank - Durango, out of Durango, Colorado. The loan was granted and they received $125,000 to help grow their Hutchinson, Kansas business. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender 1ST NATIONAL BANK - DURANGO This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/2/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Hutchinson or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Approved Banks in Durango, Colorado
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