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November 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Parsons, Business Loans > Community So. Bank D.B.A Commun Parsons Business Loans > Hotels And Motels Loan | ||||
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I Need a Loan in La Porte, Texas
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Borrowing Money for Hotels and MotelsLooking for small business loans for hotels and motels? Talk to a banker who works with the SBA. This $1,775,000 hotels and motels loan was issued by a Tennessee bank. This small firm knew how to go about getting a business bank loan. Based in La Porte, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Community So. Bank D.B.A Commun, based in Parsons, Tennessee. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 4/28/2006 Loan Approval Gross Amount $1,775,000 Loan Approval from the SBA Of the total $1,775,000 loan amount, the SBA guaranteed $1,331,250. 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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Community So. Bank D.B.A Commun 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. Related Links: Realistic Debt Financing Options Small Bank Loans in Parsons, Tennessee
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