 |
 |
November 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Hotels And Motels Loan | ||||
 |
||||
California Bank SBA Loans
|
||||
 |
Business Loan from Excel National Bank Given to Hotels And Motels CompanyExcel National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Racine, Wisconsin was able to borrow $1,863,000 from Excel National Bank. The SBA made the loan possible by guaranteeing $1,397,250 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender EXCEL NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 2/25/2008 Loan Approval Gross Amount $1,863,000 Loan Approval from the SBA Of the total $1,863,000 loan amount, the SBA guaranteed $1,397,250. 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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Racine or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Banks in Beverly Hills, California
|
|
||
|
||||
|
|
||||