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April 24, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Anchorage, Business Loans > Alaska Growth Cap. Bidco Inc. Anchorage Business Loans > Roadway Inn Loan | ||||
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SBA Lenders for Anchorage, Alaska Entrepreneurs
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Alaska Entrepreneur Secures Financing to Buy Choice Hotels International Inc. FranchiseNeed a loan to invest in a Choice Hotels International Inc. franchise? Alaska Growth Cap. Bidco Inc. has a history of making these loans and they are guaranteed by the SBA. Choice Hotels International Inc. franchise loans are available to Anchorage, Alaska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Alaska Growth Cap. Bidco Inc., based in Anchorage, Alaska, issued an SBA franchise loan for a Choice Hotels International Inc. franchise in 2006. We've got all the details on this Alaska small business loan. SBA Loan Borrower ROADWAY INN SBA Loan Lender ALASKA GROWTH CAP. BIDCO INC. This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/3/2006 Loan Approval Gross Amount $1,500,000 Loan Approval from the SBA Of the total $1,500,000 loan amount, the SBA guaranteed $1,125,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Choice Hotels International, Inc. Banking Deregulation's Effects on Entrepreneurship Small Business Banks in Anchorage, Alaska
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