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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Culver City, Business Loans > Alliance Bank Culver City Business Loans > Hotels And Motels Loan | ||||
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Business Loans for Liberal Small Businesses
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Business Loans for Hotels and MotelsLooking for business loans for hotels and motels? The SBA may be the answer. This $625,000 hotels and motels loan was issued by a California bank. Getting a small business loan in Liberal, Kansas was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Alliance Bank, operating out of Culver City, California. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender ALLIANCE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/18/2006 Loan Approval Gross Amount $625,000 Loan Approval from the SBA Of the total $625,000 loan amount, the SBA guaranteed $468,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Alliance Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Alliance Bank 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: SBA 7A Banks for Culver City, California Loans
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