Getting an SBA Loan for Hotels and Motels
Looking for commercial loans for hotels and motels? Talk to a banker who works with the SBA. This $1,550,000 hotels and motels loan was issued by a California bank.
Getting a small business loan in Marblemount, Washington was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Hanmi Bank, operating out of Los Angeles, California. Here are the details on this Washington small business loan.
SBA Loan Borrower
COMPANY TYPE: HOTELS AND MOTELS
MARBLEMOUNT, WA 98273
SBA Loan Lender
HANMI BANK
3660 WILSHIRE BLVD, STE 103
LOS ANGELES, CA 90010
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
8/10/2004
Loan Approval Gross Amount
$1,550,000
Loan Approval from the SBA
Of the total $1,550,000 loan amount, the SBA guaranteed $1,162,500.
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 19 employees. The loan application indicated that the loan would help retain 19 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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