Santa Maria, CA Entrepreneur Gets SBA Loan to Buy Guesthouse Inn Franchise

Need a loan to buy a Guesthouse Inn franchise? Heritage Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Santa Maria, California needed money to invest in a Guesthouse Inn franchise back in 2003. Heritage Bank Of Commerce issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

GUESTHOUSE INN & SUITES
SANTA MARIA, CA 93454

SBA Loan Lender

HERITAGE BANK OF COMMERCE
150 ALMADEN BLVD
SAN JOSE, CA 95113

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/30/2003

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Guesthouse Inn franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Santa Maria CA, you ought to talk with a local Santa Maria SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Santa Maria businesses.

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.

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