How to Get a Loan for Traveler Accommodation

With these SBA loans for traveler accommodation, the SBA guarantees the lender that the loan will be repaid. This traveler accommodation loan for $590,000 was given to an Indiana entrepreneur in 2006.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Home National Bank - Thorntown, out of Thorntown, Indiana. The loan was granted and they received $590,000 to help grow their Indianapolis, Indiana business.

SBA Loan Borrower

COMPANY TYPE: TRAVELER ACCOMMODATION
INDIANAPOLIS, IN 46201

SBA Loan Lender

HOME NATIONAL BANK - THORNTOWN
117 E MAIN ST
THORNTOWN, IN 46071

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721199 - Traveler Accommodation

Loan Approval Date

4/12/2006

Loan Approval Gross Amount

$590,000

Loan Approval from the SBA

Of the total $590,000 loan amount, the SBA guaranteed $442,500.

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 5 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Home National Bank - Thorntown had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Home National Bank - Thorntown made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Startup Funding Tip

Small Business Banks in Thorntown, Indiana

Indiana SBA Bank Lenders