Raising Money for Hotels and Motels

Looking for bank loans for hotels and motels? The SBA may be the answer. This $100,000 hotels and motels loan was issued by a New Jersey bank.

This company knew how to go about getting a business bank loan. Based in Swedesboro, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Bank, based in Woodbury, New Jersey.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
SWEDESBORO, NJ 08085

SBA Loan Lender

THE BANK
100 PARK AVE
WOODBURY, NJ 08096

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

1/5/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

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

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:

Business Cash Advances

SBA Participating Banks in Woodbury, New Jersey

Getting an SBA Loan in New Jersey