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May 2, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Hotels And Motels Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Small Business Loans for Hotels and MotelsWith these small business loans for hotels and motels, the SBA guarantees the lender that the loan will be repaid. This hotels and motels loan for $425,000 was given to a Montana entrepreneur in 2007. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Excel National Bank, out of Beverly Hills, California. The loan was granted and they received $425,000 to help grow their Shelby, Montana business. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender EXCEL NATIONAL 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 6/15/2007 Loan Approval Gross Amount $425,000 Loan Approval from the SBA Of the total $425,000 loan amount, the SBA guaranteed $318,750. 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. This SBA loan request indicated that the loan would help retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! If you need money to start business in Shelby MT, you ought to talk with a local Shelby SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shelby businesses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Excel National Bank 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: SBA Participating Banks in Beverly Hills, California
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