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December 19, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Hotels And Motels Loan | ||||
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Raising Money in Wilkes-Barre, Pennsylvania With SBA Loans
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Get an SBA Loan for Hotels and MotelsLooking for bank loans for hotels and motels? The SBA may be the answer. This $1,330,000 hotels and motels loan was issued by a New Jersey bank. Getting a small business loan in Wilkes-Barre, Pennsylvania was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Isn Bank, operating out of Cherry Hill, New Jersey. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender ISN BANK This lender provides SBA debt financing 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 721110 - Hotels and Motels Loan Approval Date 11/3/2004 Loan Approval Gross Amount $1,330,000 Loan Approval from the SBA Of the total $1,330,000 loan amount, the SBA guaranteed $997,500. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Isn Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA 7A Banks for Cherry Hill, New Jersey Loans
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