How to Get a Loan for Bed-and-Breakfast Inns

Looking for commercial loans for bed-and-breakfast inns? An SBA loan may be just what you've been looking for. This $191,250 bed-and-breakfast inns loan was issued by an Oklahoma bank.

Horse Lover's Paradise received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Onb Bank And Trust Company, out of Tulsa, Oklahoma. The loan was granted and they received $191,250 to help grow their Stillwater, Oklahoma business.

SBA Loan Borrower

HORSE LOVER'S PARADISE
5720 EAST 19TH STREET
STILLWATER, OK 74074

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721191 - Bed-and-Breakfast Inns

Loan Approval Date

3/29/2001

Loan Approval Gross Amount

$191,250

Loan Approval from the SBA

Of the total $191,250 loan amount, the SBA guaranteed $143,438.

More Information on This SBA Loan

The borrower, Horse Lover's Paradise, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 3/6/2006.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $191,250. How would you spend $191,250 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Horse Lover's Paradise, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

The Friends and Family Network

SBA Banks in Tulsa, Oklahoma

Oklahoma SBA 7A Banks

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.