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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Jackson, Business Loans > American River Bank Jackson Business Loans > Hotels And Motels Loan | ||||
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SBA Lenders California
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Jackson, California Bank Gives SBA Loan to Hotels And Motels CompanyA Jackson, California business loan can be yours. Learn how a company got a $331,000 business loan from this California bank. This loan to an entrepreneur is a good example of an SBA loan. American River Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender AMERICAN RIVER BANK This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721191 - Bed-and-Breakfast Inns Loan Approval Date 8/29/2003 Loan Approval Gross Amount $331,000 Loan Approval from the SBA Of the total $331,000 loan amount, the SBA guaranteed $248,250. 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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Jackson 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 7A Lenders in Jackson, California
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