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May 11, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Junction City, Business Loans > 1st National Bank & Trust - Junctio Junction City Business Loans > Hotels And Motels Loan | ||||
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How to Get SBA Loans in Junction City, Kansas
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Getting an SBA Loan for Hotels and MotelsLooking for commercial loans for hotels and motels? The SBA may be the answer. This $67,200 hotels and motels loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Junction City, Kansas was able to borrow $67,200 from 1st National Bank & Trust - Junctio. The SBA made the loan possible by guaranteeing $57,120 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender 1ST NATIONAL BANK & TRUST - JUNCTIO The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses. 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 1/26/2004 Loan Approval Gross Amount $67,200 Loan Approval from the SBA Of the total $67,200 loan amount, the SBA guaranteed $57,120. 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 4 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Good Banks for Small Business in Junction City, Kansas
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