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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > First Western Sblc, Inc Dallas Business Loans > Hotels And Motels Loan | ||||
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SBA 7A Banks for Midland, Texas Business Owners
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Hotels and Motels LoansLooking for loans for hotels and motels? Talk to a banker who works with the SBA. This $1,410,000 hotels and motels loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Western Sblc, Inc, out of Dallas, Texas. The loan was granted and they received $1,410,000 to help grow their Midland, Texas business. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender FIRST WESTERN SBLC, INC This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/22/2004 Loan Approval Gross Amount $1,410,000 Loan Approval from the SBA Of the total $1,410,000 loan amount, the SBA guaranteed $1,057,500. 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 8 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks for Dallas, Texas Loans
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