Commercial Loans for Hotels and Motels

Looking for commercial loans for hotels and motels? Talk to a banker who works with the SBA. This $772,000 hotels and motels loan was issued by a Texas bank.

Getting a small business loan in Texarkana, Arkansas was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Western Sblc, Inc, operating out of Dallas, Texas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
TEXARKANA, AR 71854

SBA Loan Lender

FIRST WESTERN SBLC, INC
17950 PRESTON RD, STE 600,
DALLAS, TX 75252

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

7/10/2006

Loan Approval Gross Amount

$772,000

Loan Approval from the SBA

Of the total $772,000 loan amount, the SBA guaranteed $579,000.

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 9 employees. The loan application indicated that the loan would help retain 6 existing jobs.

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

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

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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