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May 10, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Spokane, Business Loans > Sterling Savings Bank Spokane Business Loans > Hotels And Motels Loan | ||||
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Business Loan from Sterling Savings Bank
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Sterling Savings Bank SBA Loan to Hotels And Motels CompanySterling Savings Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oregon entrepreneur was able to get a loan to take a small business to the next level. This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Sterling Savings Bank, out of Spokane, Washington. The loan was granted and they received $518,500 to help grow their Hermiston, Oregon business. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender STERLING SAVINGS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/28/2007 Loan Approval Gross Amount $518,500 Loan Approval from the SBA Of the total $518,500 loan amount, the SBA guaranteed $388,875. 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA Approved Banks in Spokane, Washington
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