Loan to Buy Holiday Inn Franchise Issued By U.S. Bank National Association

Need money to purchase a Holiday Inn franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Holiday Inn franchise loans are available to Hastings, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, U.S. Bank National Association, based in Cincinnati, Ohio, issued an SBA franchise loan for a Holiday Inn franchise in 2001. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

HOLIDAY INN
HASTINGS, NE 68901

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

1/8/2001

Loan Approval Gross Amount

$135,200

Loan Approval from the SBA

Of the total $135,200 loan amount, the SBA guaranteed $101,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Holiday Inn franchise. At the time of the loan, the company had 30 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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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