Houston, Texas Lender Lends Money to Hotels And Motels Company

Want to talk with a Houston, Texas bank about a small business loan? Here's one Minnesota business loan, issued by a Houston bank, that was approved by the SBA.

Applying for an SBA loan with Small Business Loan Source LLC worked out well for our friends at one local firm in Shakopee, Minnesota. They received an SBA loan for $1,333,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
SHAKOPEE, MN 55379

SBA Loan Lender

SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business 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

1/2/2002

Loan Approval Gross Amount

$1,333,000

Loan Approval from the SBA

Of the total $1,333,000 loan amount, the SBA guaranteed $999,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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