Get an SBA Loan for Hotels and Motels

Looking for bank loans for hotels and motels? Try the SBA. This $720,000 hotels and motels loan was issued by a Washington bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Unibank, out of Lynnwood, Washington. The loan was granted and they received $720,000 to help grow their Sequim, Washington business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
SEQUIM, WA 98382

SBA Loan Lender

UNIBANK
16929 HWY 99, STE 110
LYNNWOOD, WA 98037

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

10/4/2007

Loan Approval Gross Amount

$720,000

Loan Approval from the SBA

Of the total $720,000 loan amount, the SBA guaranteed $540,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $720,000. How would you spend $720,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - How to Borrow Money

Small Business Banks in Lynnwood, Washington

Getting a Business Loan in Washington