Where to Get Capital for Hotels and Motels

With these SBA loans for hotels and motels, the SBA guarantees the lender that the loan will be repaid. This hotels and motels loan for $250,000 was given to an Oregon entrepreneur in 2007.

Getting a small business loan in Mcminnville, Oregon was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Silver State Bank, operating out of Henderson, Nevada. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
McMinnville, OR 97128

SBA Loan Lender

SILVER STATE BANK
170 S GREEN VALLEY PKWY
HENDERSON, NV 89012

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

2/21/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 6 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Mcminnville OR, you ought to talk with a local Mcminnville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mcminnville businesses.

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.

Related Links:

SBIR Funding

SBA 7A Banks in Henderson, Nevada

Find an SBA Lender in Nevada