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May 4, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Borrego Springs, Business Loans > Borrego Springs Bank Borrego Springs Business Loans > Super 8 Motel Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Borrego Springs Bank Provides SBA Loan to Buy Super 8 Motel FranchiseBorrowing money to buy a Super 8 Motel franchise? Borrego Springs Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Carson City, Nevada needed money to invest in a Super 8 Motel franchise back in 2004. Borrego Springs Bank issued an SBA franchise loan. Here are the details on this Nevada small business loan. SBA Loan Borrower SUPER 8 MOTEL SBA Loan Lender BORREGO SPRINGS BANK 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 6/17/2004 Loan Approval Gross Amount $71,800 Loan Approval from the SBA Of the total $71,800 loan amount, the SBA guaranteed $61,030. 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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to borrow money from friends and family, 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: Best Banks in Borrego Springs, California
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