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May 3, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > De Graff, Business Loans > United Midwest Savings Bank De Graff Business Loans > Hampton Inn Loan | ||||
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Ohio Small Business Funding for Franchises
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Borrow Money to Buy a Hampton Inns FranchiseNeed a loan to invest in a Hampton Inns franchise? United Midwest Savings Bank has a history of making these loans and they are guaranteed by the SBA. Hampton Inns franchise loans are available to Columbus, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Midwest Savings Bank, based in De Graff, Ohio, issued an SBA franchise loan for a Hampton Inns franchise in 2000. We've got all the details on this Ohio small business loan. SBA Loan Borrower HAMPTON INN SBA Loan Lender UNITED MIDWEST SAVINGS BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. 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 7/27/2000 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Hampton Inns franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the funding would help generate 15 new jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,000,000 loan. Remember, feel the fear, and do it anyway. 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: Hampton Inn/Hampton Inn & Suites Raising VC Money for Social Networking Companies Good Banks for Small Business in De Graff, Ohio
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