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November 21, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Los Angeles, Business Loans > Hanmi Bank Los Angeles Business Loans > Hotels And Motels Loan | ||||
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I Need an SBA 7A Loan in Wells, Nevada
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Where to Get Capital for Hotels and MotelsLooking for small business loans for hotels and motels? Talk to a banker who works with the SBA. This $1,068,000 hotels and motels loan was issued by a California bank. Getting a small business loan in Wells, Nevada was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Hanmi Bank, operating out of Los Angeles, California. Here are the details on this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender HANMI BANK This bank loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/14/2004 Loan Approval Gross Amount $1,068,000 Loan Approval from the SBA Of the total $1,068,000 loan amount, the SBA guaranteed $801,000. 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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,068,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Family and Friend Investors - Your First Financiers Best Banks in Los Angeles, California
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