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May 18, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Muskogee, Business Loans > American Bank Of Oklahoma Muskogee Business Loans > Hotels And Motels Loan | ||||
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Small Business Banks for Muskogee, Oklahoma Small Businesses
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Where to Get Capital for Hotels and MotelsLooking for small business loans for hotels and motels? Talk to a banker who works with the SBA. This $293,300 hotels and motels loan was issued by an Oklahoma bank. This company knew how to go about getting a business bank loan. Based in Muskogee, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was American Bank Of Oklahoma, based in Muskogee, Oklahoma. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender AMERICAN BANK OF OKLAHOMA This commercial 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 8/17/2001 Loan Approval Gross Amount $293,300 Loan Approval from the SBA Of the total $293,300 loan amount, the SBA guaranteed $219,975. More Information on This SBA Loan The borrower borrowed this money for a new 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 SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find business people willing to loan money, 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: Who Lends Money to Small Businesses in Muskogee, Oklahoma
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