Us Metro Bank SBA Loan to Hotels And Motels Company

An SBA loan from Us Metro Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lancaster, California business owner got a $100,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Us Metro Bank, out of Garden Grove, California. The loan was granted and they received $100,000 to help grow their Lancaster, California business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
Lancaster, CA 93534

SBA Loan Lender

US METRO BANK
9866 GARDEN GROVE BLVD
GARDEN GROVE, CA 92844

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

8/22/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 15 employees. The loan application indicated that the loan would help retain 15 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Us Metro Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Us Metro 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:

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Garden Grove, California

SBA California Lenders