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May 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Kalispell, Business Loans > Mountain W. Bank - Kalispell Nat Kalispell Business Loans > Hotels And Motels Loan | ||||
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Financing for Hotels and MotelsLooking for loans for hotels and motels? Talk to a banker who works with the SBA. This $277,000 hotels and motels loan was issued by a Montana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Coram, Montana was able to borrow $277,000 from Mountain W. Bank - Kalispell Nat. The SBA made the loan possible by guaranteeing $207,750 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender MOUNTAIN W. BANK - KALISPELL NAT This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 4/11/2002 Loan Approval Gross Amount $277,000 Loan Approval from the SBA Of the total $277,000 loan amount, the SBA guaranteed $207,750. 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 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Coram or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: How Much Venture Capital Is There? SBA 7A Banks in Kalispell, Montana
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