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November 21, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Membership-Based Organization Hotels And Lodging Loan | ||||
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Small Business Loan Source LLC
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Small Business Loan Source LLC SBA Loan to Membership-Based Organization Hotels And Lodging CompanyAn SBA loan from Small Business Loan Source LLC typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Nacogdoches, Texas, Kansas business owner got a $650,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Small Business Loan Source LLC, out of Houston, Texas. The loan was granted and they received $650,000 to help grow their Nacogdoches, Texas, Kansas business. SBA Loan Borrower COMPANY TYPE: MEMBERSHIP-BASED ORGANIZATION HOTELS AND LODGING SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7041 - Membership-Based Organization Hotels and Lodging NAICS Code 721110 - Hotels and Motels Loan Approval Date 11/21/2002 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Borrow Money SBA 7A Banks in Houston, Texas
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