Raising Money for Hotels and Motels

Looking for bank loans for hotels and motels? Talk to a banker who works with the SBA. This $1,612,500 hotels and motels loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Yucca Valley, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Premier Comm. Bank, based in Anaheim, California.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
YUCCA VALLEY, CA 92284

SBA Loan Lender

PREMIER COMM. BANK
2400 E KATELLA AVE, STE 125
ANAHEIM, CA 92806

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

6/4/2004

Loan Approval Gross Amount

$1,612,500

Loan Approval from the SBA

Of the total $1,612,500 loan amount, the SBA guaranteed $1,209,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Premier Comm. 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.

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