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May 4, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Henderson, Business Loans > Silver State Bank Henderson Business Loans > Hotels And Motels Loan | ||||
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Tips for Businesses On Getting a Loan
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Commercial Loans for Hotels and MotelsLooking for commercial loans for hotels and motels? Try the SBA. This $1,102,000 hotels and motels loan was issued by a Nevada bank. This small business knew how to go about getting a business bank loan. Based in Reno, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Silver State Bank, based in Henderson, Nevada. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender SILVER STATE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/11/2006 Loan Approval Gross Amount $1,102,000 Loan Approval from the SBA Of the total $1,102,000 loan amount, the SBA guaranteed $826,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Silver State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Family and Friend Investors - Your First Financiers Good Banks for Small Business in Henderson, Nevada Browse All Business Loan Sources for Nevada
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