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November 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Flemington, Business Loans > Commerce Bank Flemington Business Loans > Hotels And Motels Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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Loans for Hotels and MotelsLooking for loans for hotels and motels? The SBA may be the answer. This $1,680,000 hotels and motels loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Williamstown, New Jersey was able to borrow $1,680,000 from Commerce Bank. The SBA made the loan possible by guaranteeing $1,260,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender COMMERCE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 8/18/2006 Loan Approval Gross Amount $1,680,000 Loan Approval from the SBA Of the total $1,680,000 loan amount, the SBA guaranteed $1,260,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. 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 Commerce 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: Good Banks for Small Business in Flemington, New Jersey
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