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| Entrepreneur Resources | Arvest Bank Fayetteville Business Loans | ||||
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Tips for Businesses On Getting a Loan
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Small Business Loans for Hotels and MotelsWith these small business loans for hotels and motels, the SBA guarantees the lender that the loan will be repaid. This hotels and motels loan for $175,000 was given to an Oklahoma entrepreneur in 2005.
Budget Inn received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Arvest Bank, out of Fayetteville, Arkansas. The loan was granted and they received $175,000 to help grow their Tulsa, Oklahoma business. SBA Loan Borrower BUDGET INN SBA Loan Lender ARVEST BANK This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels (except Casino Hotels) and Motels Loan Approval Date 9/1/2005 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower, Budget Inn, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to Budget Inn 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 SBA loan database. Related Links: Dealing With Venture Capitalists Find an SBA Lender in Fayetteville, Arkansas 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.
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