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May 2, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Hotels And Motels Loan | ||||
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Mcminnville, Oregon Bank Loan
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Small Business Loans for Bed-and-Breakfast InnsLooking for small business loans for bed-and-breakfast inns? The SBA may be the answer. This $945,000 bed-and-breakfast inns loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mcminnville, Oregon was able to borrow $945,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $708,750 of this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender BANK OF THE WEST This SBA business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721191 - Bed-and-Breakfast Inns Loan Approval Date 10/20/2003 Loan Approval Gross Amount $945,000 Loan Approval from the SBA Of the total $945,000 loan amount, the SBA guaranteed $708,750. 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 5 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Mcminnville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - Friends and Family SBA Approved Banks in Truckee, California
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