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December 22, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Temecula, Business Loans > Mission Oaks National Bank Temecula Business Loans > Hotels And Motels Loan | ||||
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California SBA Lenders
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Entrepreneur Works With Temecula, California Bank to Get an SBA LoanWant to talk with a Temecula, California bank about an SBA loan? Here's one Arizona business loan, issued by a Temecula bank, that was approved by the SBA. Applying for an SBA loan with Mission Oaks National Bank worked out well for our friends at one local business in Sedona, Arizona. The business was able to get an SBA loan for $1,217,300. Sweet! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender MISSION OAKS NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank 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 3/20/2003 Loan Approval Gross Amount $1,217,300 Loan Approval from the SBA Of the total $1,217,300 loan amount, the SBA guaranteed $912,975. 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 9 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Find an SBA Lender in Temecula, California
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