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May 2, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Escondido, Business Loans > Pacific Western Bank Escondido Business Loans > Hotels And Motels Loan | ||||
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California Bank SBA Loans
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Escondido, California Lender Lends Money to Hotels And Motels CompanyThinking about meeting with an Escondido, California bank about a small business loan? Here's one Nevada business loan, issued by an Escondido bank, that was approved by the SBA. Applying for an SBA loan with Pacific Western Bank worked out well for our friends at one local business in Las Vegas, Nevada. They received an SBA loan for $1,097,500. Sweet! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender PACIFIC WESTERN BANK This lender provides SBA small 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 7/1/2004 Loan Approval Gross Amount $1,097,500 Loan Approval from the SBA Of the total $1,097,500 loan amount, the SBA guaranteed $794,282. 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 12 employees. The loan application indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Microlending as a Small Business Funding Source SBA Participating Banks in Escondido, California
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