Financing for Traveler Accommodation

Looking for loans for traveler accommodation? The SBA may be the answer. This $576,700 traveler accommodation loan was issued by a Florida bank.

Getting a small business loan in Islamorada, Florida was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Tib Bank, operating out of Naples, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
ISLAMORADA, FL 33036

SBA Loan Lender

TIB BANK
6435 NAPLES BLVD
NAPLES, FL 34109

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721199 - Traveler Accommodation

Loan Approval Date

12/14/2000

Loan Approval Gross Amount

$576,700

Loan Approval from the SBA

Of the total $576,700 loan amount, the SBA guaranteed $432,525.

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 2 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Tib Bank and they will explain how you can get an SBA loan for your company.

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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