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May 8, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sturgeon Bay, Business Loans > Baylake Bank Sturgeon Bay Business Loans > Hotels And Motels Loan | ||||
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We Needed a Commercial Loan in Ephraim, Wisconsin and We Got One!
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Where to Get Capital for Hotels and MotelsWith these SBA loans for hotels and motels, the SBA guarantees the lender that the loan will be repaid. This hotels and motels loan for $709,300 was given to a Wisconsin entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ephraim, Wisconsin was able to borrow $709,300 from Baylake Bank. The SBA made the loan possible by guaranteeing $531,975 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender BAYLAKE BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/4/2004 Loan Approval Gross Amount $709,300 Loan Approval from the SBA Of the total $709,300 loan amount, the SBA guaranteed $531,975. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Baylake 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: Find an SBA Lender in Sturgeon Bay, Wisconsin
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