Business Loan from Teambank Given to Hotels And Motels Company

An SBA loan from Teambank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Parsons, Kansas business owner got a $34,650 loan.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Teambank, out of Parsons, Kansas. The loan was granted and they received $34,650 to help grow their Parsons, Kansas business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
PARSONS, KS 67357

SBA Loan Lender

TEAMBANK
1900 MAIN ST
PARSONS, KS 67357

This loan for a small business 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

721191 - Bed-and-Breakfast Inns

Loan Approval Date

4/23/2004

Loan Approval Gross Amount

$34,650

Loan Approval from the SBA

Of the total $34,650 loan amount, the SBA guaranteed $29,453.

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 5 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $34,650 loan. Remember, if it to be, it is up to me!

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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