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May 18, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Scranton, Business Loans > Pennstar Bank, A Division Of Scranton Business Loans > Hotels And Motels Loan | ||||
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Pennsylvania Small Business Funding
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How to Get a Loan for Hotels and MotelsLooking for business loans for hotels and motels? Talk to a banker who works with the SBA. This $340,000 hotels and motels loan was issued by a Pennsylvania bank. This small business knew how to go about getting a business bank loan. Based in Mt. Pocono, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Pennstar Bank, A Division Of, based in Scranton, Pennsylvania. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender PENNSTAR BANK, A DIVISION OF The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 9/11/2002 Loan Approval Gross Amount $340,000 Loan Approval from the SBA Of the total $340,000 loan amount, the SBA guaranteed $255,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 6 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours 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: Borrowing Money from Friends and Family Who Lends Money to Small Businesses in Scranton, Pennsylvania
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