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May 18, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Walton, Business Loans > National Bank - Delaware County Wal Walton Business Loans > Hotels And Motels Loan | ||||
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Raising Money in Andes, New York With SBA Loans
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Raising Money for Hotels and MotelsLooking for bank loans for hotels and motels? An SBA loan may be just what you've been looking for. This $255,000 hotels and motels loan was issued by a New York bank. This small firm knew how to go about getting a business bank loan. Based in Andes, New York, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was National Bank - Delaware County Wal, based in Walton, New York. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender NATIONAL BANK - DELAWARE COUNTY WAL SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 2/20/2001 Loan Approval Gross Amount $255,000 Loan Approval from the SBA Of the total $255,000 loan amount, the SBA guaranteed $191,250. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $255,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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:
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