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April 27, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Knoxville, Business Loans > Community So. Bank D.B.A Commun Knoxville Business Loans > Universal Hospitality, LLC Loan | ||||
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Good Sources for Columbus SBA Loans
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Borrow Money to Buy a Howard Johnson FranchiseNeed a loan to purchase a Howard Johnson franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Columbus, Ohio needed money to invest in a Howard Johnson franchise back in 2008. Community So. Bank D.B.A Commun issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower UNIVERSAL HOSPITALITY, LLC SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 2/5/2008 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. 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 5 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Howard Johnson International, Inc. Howard Johnson Franchise Canada Inc. Role of Business Plan When Raising Money SBA Participating Banks in Knoxville, Tennessee Where to Get an SBA Loan Tennessee
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