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April 30, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Parsons, Business Loans > Community So. Bank D.B.A Commun Parsons Business Loans > Hotels And Motels Loan | ||||
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SBA 7A Banks for Little Rock, Arkansas Entrepreneurs
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Financing for Hotels and MotelsWith these commercial loans for hotels and motels, the SBA guarantees the lender that the loan will be repaid. This hotels and motels loan for $1,287,000 was given to an Arkansas entrepreneur in 2008. This business knew how to go about getting a business bank loan. Based in Little Rock, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Community So. Bank D.B.A Commun, based in Parsons, Tennessee. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 2/14/2008 Loan Approval Gross Amount $1,287,000 Loan Approval from the SBA Of the total $1,287,000 loan amount, the SBA guaranteed $965,250. 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Business Banks in Parsons, Tennessee
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