Texas Entrepreneur Secures Financing to Buy Days Inn Franchise
Borrowing money to invest in a Days Inn franchise? Premier Comm. Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Days Inn franchise? If so, here's a 2003 SBA franchise loan that you should know about. Premier Comm. Bank was the lender and the entrepreneur was based in Grand Prairie, Texas.
SBA Loan Borrower
GRAND PRAIRIE, TX 75052
SBA Loan Lender
PREMIER COMM. BANK
2400 E KATELLA AVE, STE 125
ANAHEIM, CA 92806
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 debt financing to American small businesses.
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 $450,000 loan amount, the SBA guaranteed $337,500.
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 6 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
This SBA loan was for $450,000. How would you spend $450,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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