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May 18, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Malta, Business Loans > First Security Bank Of Malta Malta Business Loans > Hotels And Motels Loan | ||||
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Malta, Montana Bank Loan
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How to Get a Loan for Hotels and MotelsLooking for business loans for hotels and motels? The SBA may be the answer. This $501,700 hotels and motels loan was issued by a Montana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Malta, Montana was able to borrow $501,700 from First Security Bank Of Malta. The SBA made the loan possible by guaranteeing $376,275 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender FIRST SECURITY BANK OF MALTA This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 9/1/2004 Loan Approval Gross Amount $501,700 Loan Approval from the SBA Of the total $501,700 loan amount, the SBA guaranteed $376,275. 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 30 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First Security Bank Of Malta 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:
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