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May 16, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Sanford, Business Loans > Federal Trust Bank Sanford Business Loans > Howard Johnsons Loan | ||||
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Best Banks for Apopka, Florida Small Business Owners
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Florida Entrepreneur Secures Financing to Buy Howard Johnson FranchiseNeed money to invest in a Howard Johnson franchise? Federal Trust Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Apopka, Florida needed money to invest in a Howard Johnson franchise back in 2000. Federal Trust Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower HOWARD JOHNSONS SBA Loan Lender FEDERAL TRUST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. 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 3/17/2000 Loan Approval Gross Amount $725,000 Loan Approval from the SBA Of the total $725,000 loan amount, the SBA guaranteed $543,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Howard Johnson 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 money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Howard Johnson International, Inc. Howard Johnson Franchise Canada Inc. Small Bank Loans in Sanford, Florida
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