Business Loans for Traveler Accommodation

Looking for business loans for traveler accommodation? The SBA may be the answer. This $259,200 traveler accommodation loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mackinaw City, Michigan was able to borrow $259,200 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $194,400 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: TRAVELER ACCOMMODATION
MACKINAW CITY, MI 49701

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

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

721199 - Traveler Accommodation

Loan Approval Date

4/19/2004

Loan Approval Gross Amount

$259,200

Loan Approval from the SBA

Of the total $259,200 loan amount, the SBA guaranteed $194,400.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Mackinaw City MI, you ought to talk with a local Mackinaw City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mackinaw City businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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