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May 5, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Scottish Inns Loan | ||||
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Small Business Loan Source LLC Franchise Loans
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Borrow Money to Buy a Scottish Inns FranchiseNeed a loan to buy a Scottish Inns franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Scottish Inns franchise may simply require a phone call to a local SBA banker. In 2003, Small Business Loan Source LLC issued an SBA franchise loan to an entrepreneur in Albany, New York. Because Scottish Inns was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower SCOTTISH INNS SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC This loan for a small business 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. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/13/2003 Loan Approval Gross Amount $715,000 Loan Approval from the SBA Of the total $715,000 loan amount, the SBA guaranteed $536,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Scottish Inns franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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. Related Links: Obtaining Funding - Friends and Family SBA 7A Banks for Houston, Texas Loans Getting a Business Loan in Texas
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