Hotels and Motels Business Loans
Looking for business loans for hotels and motels? Talk to a banker who works with the SBA. This $133,500 hotels and motels loan was issued by an Arkansas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cotter, Arkansas was able to borrow $133,500 from Arvest Bank. The SBA made the loan possible by guaranteeing $113,475 of this Arkansas small business loan.
SBA Loan Borrower
COMPANY TYPE: HOTELS AND MOTELS
COTTER, AR 72626
SBA Loan Lender
802 E MAIN ST
FLIPPIN, AR 72634
This commercial 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.
721110 - Hotels and Motels
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $133,500 loan amount, the SBA guaranteed $113,475.
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 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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