Loan Census Banking News and Information
November 15, 2024  
 
 
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Business Loans for Wildwood Businesses

 

 
Loan Census SBA Loan Info

Where to Get Capital for Bed-and-Breakfast Inns

Looking for SBA loans for bed-and-breakfast inns? The SBA may be the answer. This $400,000 bed-and-breakfast inns loan was issued by a Connecticut bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Business Lenders, LLC, out of Hartford, Connecticut. The loan was granted and they received $400,000 to help grow their Wildwood, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: BED-AND-BREAKFAST INNS
WILDWOOD, NJ 08260

SBA Loan Lender

BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721191 - Bed-and-Breakfast Inns

Loan Approval Date

12/9/2002

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Wildwood or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Startup Funding Tip

Where to Get an SBA Loan in Hartford, Connecticut

SBA Lenders in Connecticut