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May 18, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Super 8 Motel Loan | ||||
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Good Sources for Anderson SBA Loans
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Anderson, SC Entrepreneur Gets SBA Loan to Buy Super 8 Motel FranchiseNeed money to buy a Super 8 Motel franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Anderson, South Carolina needed money to invest in a Super 8 Motel franchise back in 2004. Small Business Loan Source LLC issued an SBA franchise loan. Here are the details on this South Carolina small business loan. SBA Loan Borrower SUPER 8 MOTEL SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC This debt financing 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 and Motels Loan Approval Date 11/12/2004 Loan Approval Gross Amount $1,169,000 Loan Approval from the SBA Of the total $1,169,000 loan amount, the SBA guaranteed $876,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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
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