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April 27, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > The Buckhead Community Bank Atlanta Business Loans > Super 8 Motel And Old English Loan | ||||
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Business Loans for Decatur Small Businesses
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The Buckhead Community Bank Provides SBA Loan to Buy Super 8 Motel FranchiseBorrowing money to invest in a Super 8 Motel franchise? The Buckhead Community Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Super 8 Motel franchise requires some effort but others before you have been successful. In 2005, The Buckhead Community Bank issued an SBA franchise loan to an entrepreneur in Decatur, Georgia. Because Super 8 Motel was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower SUPER 8 MOTEL AND OLD ENGLISH SBA Loan Lender THE BUCKHEAD COMMUNITY 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 5/24/2005 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 an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 16 employees. This SBA loan request indicated that the loan would help retain 16 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in Decatur GA, you ought to talk with a local Decatur SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Decatur businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Buckhead Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Atlanta, Georgia
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