Loans for Hotels and Motels

Looking for loans for hotels and motels? The SBA may be the answer. This $972,500 hotels and motels loan was issued by a Washington bank.

Getting a small business loan in Seattle, Washington was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Boeing Empl Cu, operating out of Tukwila, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SEATTLE, WA 98116

SBA Loan Lender

BOEING EMPL CU
12770 GATEWAY DR
TUKWILA, WA 98168

This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/24/2002

Loan Approval Gross Amount

$972,500

Loan Approval from the SBA

Of the total $972,500 loan amount, the SBA guaranteed $729,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 45 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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

Where to Get an SBA Loan in Tukwila, Washington

SBA Washington Lenders