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April 24, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Tulsa, Business Loans > Onb Bank And Trust Company Tulsa Business Loans > Hotels And Motels Loan | ||||
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Oklahoma Small Business Funding
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How to Get a Loan for Bed-and-Breakfast InnsLooking for business loans for bed-and-breakfast inns? An SBA loan may be just what you've been looking for. This $191,250 bed-and-breakfast inns loan was issued by an Oklahoma bank. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Onb Bank And Trust Company, out of Tulsa, Oklahoma. The loan was granted and they received $191,250 to help grow their Stillwater, Oklahoma business. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender ONB BANK AND TRUST COMPANY The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721191 - Bed-and-Breakfast Inns Loan Approval Date 3/29/2001 Loan Approval Gross Amount $191,250 Loan Approval from the SBA Of the total $191,250 loan amount, the SBA guaranteed $143,438. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $191,250. How would you spend $191,250 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: The Friends and Family Network
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