Borrowing Money for Hotels and Motels

Looking for small business loans for hotels and motels? An SBA loan may be just what you've been looking for. This $1,880,000 hotels and motels loan was issued by a Georgia bank.

This small firm knew how to go about getting a business bank loan. Based in Kingsland, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Citizens State Bank, based in Kingsland, Georgia.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
KINGSLAND, GA 31548

SBA Loan Lender

CITIZENS STATE BANK
201 E KING AVE
KINGSLAND, GA 31548

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/10/2007

Loan Approval Gross Amount

$1,880,000

Loan Approval from the SBA

Of the total $1,880,000 loan amount, the SBA guaranteed $1,410,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Equity Financing

SBA 7A Banks in Kingsland, Georgia

Getting an SBA Loan in Georgia