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May 3, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Cranston, Business Loans > Rbs Citizens Cranston Business Loans > Hotels And Motels Loan | ||||
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Raising Money in Guilford, Connecticut With SBA Loans
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Business Loans for Hotels and MotelsLooking for business loans for hotels and motels? Try the SBA. This $300,000 hotels and motels loan was issued by a Rhode Island bank. Getting a small business loan in Guilford, Connecticut was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens, operating out of Cranston, Rhode Island. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender RBS CITIZENS At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to offer fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. 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 9/30/2002 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. 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 2 employees. The loan application did not indicate that the company planned 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 make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Rbs Citizens so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Banking Deregulation's Effects on Entrepreneurship Who Lends Money to Small Businesses in Cranston, Rhode Island
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