Premier Comm. Bank SBA Loan to Hotels And Motels Company
An 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
WHITTIER, CA 90601
SBA Loan Lender
PREMIER COMM. BANK
2400 E KATELLA AVE, STE 125
ANAHEIM, CA 92806
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.
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