Hotels and Motels Bank Loans

Looking for bank loans for hotels and motels? Try the SBA. This $60,000 hotels and motels loan was issued by a Kansas bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with 1st National Bank - Syracuse, out of Syracuse, Kansas. The loan was granted and they received $60,000 to help grow their Johnson, Kansas business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
JOHNSON, KS 67855

SBA Loan Lender

1ST NATIONAL BANK - SYRACUSE
11 N MAIN ST
SYRACUSE, KS 67878

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/13/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like 1st National Bank - Syracuse are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Line of Credit

SBA 7A Banks for Syracuse, Kansas Loans

SBA Lenders in Kansas