Borrowing Money for Hotels and Motels

Looking for bank loans for hotels and motels? Talk to a banker who works with the SBA. This $1,465,000 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 $1,465,000 to help grow their Phoenix, Arizona business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
PHOENIX, AZ 85053

SBA Loan Lender

FIRST WESTERN SBLC, INC
17950 PRESTON RD, STE 600,
DALLAS, TX 75252

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

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

8/9/2004

Loan Approval Gross Amount

$1,465,000

Loan Approval from the SBA

Of the total $1,465,000 loan amount, the SBA guaranteed $1,098,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. This SBA loan request 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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,465,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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