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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Anaheim, Business Loans > Premier Comm. Bank Anaheim Business Loans > Hotels And Motels Loan | ||||
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California Bank SBA Loans
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Premier Comm. Bank SBA Loan to Hotels And Motels CompanyAn SBA loan from Premier Comm. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Whittier, California business owner got a $660,000 loan. This business knew how to go about getting a business bank loan. Based in Whittier, California, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Premier Comm. Bank, based in Anaheim, California. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender PREMIER COMM. BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/9/2003 Loan Approval Gross Amount $660,000 Loan Approval from the SBA Of the total $660,000 loan amount, the SBA guaranteed $495,000. 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 SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks for Small Business in Anaheim, California
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