Commercial Loans for Hotels and Motels

Looking for commercial loans for hotels and motels? Talk to a banker who works with the SBA. This $1,433,250 hotels and motels loan was issued by a New Mexico bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Western Bank Of Clovis, out of Clovis, New Mexico. The loan was granted and they received $1,433,250 to help grow their Santa Rosa, New Mexico business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
SANTA ROSA, NM 88435

SBA Loan Lender

WESTERN BANK OF CLOVIS
901 PILE ST
CLOVIS, NM 88101

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.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

1/17/2006

Loan Approval Gross Amount

$1,433,250

Loan Approval from the SBA

Of the total $1,433,250 loan amount, the SBA guaranteed $1,074,938.

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 7 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

SBIR Funding

Small Bank Loans in Clovis, New Mexico

Getting an SBA Loan in New Mexico