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May 18, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Atlanta, Business Loans > Suntrust Bank Atlanta Business Loans > Hotels And Motels Loan | ||||
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I Need an SBA 7A Loan in Clemson, South Carolina
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Business Loans for Hotels and MotelsWith these business loans for hotels and motels, the SBA guarantees the lender that the loan will be repaid. This hotels and motels loan for $1,800,000 was given to a South Carolina entrepreneur in 2003. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Suntrust Bank, out of Atlanta, Georgia. The loan was granted and they received $1,800,000 to help grow their Clemson, South Carolina business. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender SUNTRUST BANK This lender provides SBA guaranteed business loans 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 3/24/2003 Loan Approval Gross Amount $1,800,000 Loan Approval from the SBA Of the total $1,800,000 loan amount, the SBA guaranteed $999,990. 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 3 employees. The SBA loan documents indicated that the borrowed money would help create 9 new jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $1,800,000 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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