Loan to Buy Days Inn Franchise Issued By Amer Business Lending Inc.
Need money to purchase a Days Inn franchise? Amer Business Lending Inc. has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Decatur, Alabama needed money to invest in a Days Inn franchise back in 2001. Amer Business Lending Inc. issued an SBA franchise loan. Here are the details on this Alabama small business loan.
SBA Loan Borrower
DECATUR, AL 35602
SBA Loan Lender
AMER BUSINESS LENDING INC.
1420 W. MOCKINGBIRD LANE, SUI
DALLAS, TX 75247
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
7011 - Hotels and Motels
721110 - Hotels and Motels
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $1,460,000 loan amount, the SBA guaranteed $999,997.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company
had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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.
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