Bed-and-Breakfast Inns SBA Loans

Looking for SBA loans for bed-and-breakfast inns? Talk to a banker who works with the SBA. This $453,000 bed-and-breakfast inns loan was issued by a Vermont bank.

Getting a small business loan in North Sutton, New Hampshire was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Ledyard National Bank, operating out of Norwich, Vermont. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: BED-AND-BREAKFAST INNS
NORTH SUTTON, NH 03260

SBA Loan Lender

LEDYARD NATIONAL BANK
320 MAIN ST
NORWICH, VT 05055

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

721191 - Bed-and-Breakfast Inns

Loan Approval Date

8/12/2004

Loan Approval Gross Amount

$453,000

Loan Approval from the SBA

Of the total $453,000 loan amount, the SBA guaranteed $226,500.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Ledyard National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

The Friends and Family Network

SBA Participating Banks in Norwich, Vermont

SBA Vermont Lenders