Financing for Hotels and Motels

Looking for commercial loans for hotels and motels? Try the SBA. This $845,000 hotels and motels loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Pacific Western Bank, out of Escondido, California. The loan was granted and they received $845,000 to help grow their Needles, California business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
NEEDLES, CA 92363

SBA Loan Lender

PACIFIC WESTERN BANK
900 CANTERBURY PL
ESCONDIDO, CA 92025

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

11/18/2005

Loan Approval Gross Amount

$845,000

Loan Approval from the SBA

Of the total $845,000 loan amount, the SBA guaranteed $633,750.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Needles CA, you ought to talk with a local Needles SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Needles businesses.

We can help you find the best banks for small businesses in Needles 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 to Raise Money

SBA Banks in Escondido, California

SBA Lenders in California