Get an SBA Loan for Traveler Accommodation

Looking for loans for traveler accommodation? An SBA loan may be just what you've been looking for. This $150,000 traveler accommodation loan was issued by a Minnesota bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with State Bank Of Park Rapids, out of Park Rapids, Minnesota. The loan was granted and they received $150,000 to help grow their Remer, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: TRAVELER ACCOMMODATION
REMER, MN 56672

SBA Loan Lender

STATE BANK OF PARK RAPIDS
200 FIRST ST EAST
PARK RAPIDS, MN 56470

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721199 - Traveler Accommodation

Loan Approval Date

3/5/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

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

If you need money to start business in Remer MN, you ought to talk with a local Remer SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Remer businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like State Bank Of Park Rapids and they will explain how you can get an SBA loan for your company.

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:

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Small Bank Loans in Park Rapids, Minnesota

Find an SBA Lender in Minnesota