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March 4, 2021  
 
 
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Decatur, Alabama Bank Loan

 

 
Loan Census SBA Loan Info

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

DAYS INN
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.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

1/4/2001

Loan Approval Gross Amount

$1,460,000

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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