Bank Loans for Traveler Accommodation

With these bank loans for traveler accommodation, the SBA guarantees the lender that the loan will be repaid. This traveler accommodation loan for $124,600 was given to an Alaska entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Talkeetna, Alaska, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Wells Fargo Bank, based in Wasilla, Alaska.

SBA Loan Borrower

COMPANY TYPE: ROOMING AND BOARDING HOUSES
TALKEETNA, AK 99676

SBA Loan Lender

WELLS FARGO BANK
581 W PARKS HWY
WASILLA, AK 99654

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7021 - Rooming and Boarding Houses

NAICS Code

721199 - Traveler Accommodation

Loan Approval Date

2/12/2001

Loan Approval Gross Amount

$124,600

Loan Approval from the SBA

Of the total $124,600 loan amount, the SBA guaranteed $105,910.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wells Fargo Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Realistic Debt Financing Options

Good Banks for Small Business in Wasilla, Alaska

Alaska SBA 7A Lenders