Commercial Loans for Hotels and Motels

Looking for commercial loans for hotels and motels? The SBA may be the answer. This $300,500 hotels and motels loan was issued by a Wisconsin bank.

Getting a small business loan in Waupaca, Wisconsin was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank, operating out of Kaukauna, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
Waupaca, WI 54981

SBA Loan Lender

CITIZENS BANK
205 E 4TH ST PLZ
KAUKAUNA, WI 54130

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

4/14/2006

Loan Approval Gross Amount

$300,500

Loan Approval from the SBA

Of the total $300,500 loan amount, the SBA guaranteed $225,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Waupaca WI, you ought to talk with a local Waupaca SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waupaca businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Bank and they will explain how you can get an SBA loan for your company.

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:

Small Business Credit Cards

Best Banks for Small Business in Kaukauna, Wisconsin

Wisconsin SBA Bank Lenders