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April 29, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Amer Bank - Comm. D/b/a Ambank Provo Business Loans > Rodeway Inn Loan | ||||
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Banks for Heber City, Utah Business Owners
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Utah Entrepreneur Secures Financing to Buy Rodeway Inns FranchiseNeed money to purchase a Rodeway Inns franchise? Amer Bank - Comm. D/b/a Ambank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Rodeway Inns franchise may simply require a phone call to a local SBA banker. In 2004, Amer Bank - Comm. D/b/a Ambank issued an SBA franchise loan to an entrepreneur in Heber City, Utah. Because Rodeway Inns was registered with the SBA's registry of franchises, this Utah small business loan was issued on an expedited basis. SBA Loan Borrower RODEWAY INN SBA Loan Lender AMER BANK - COMM. D/B/A AMBANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/18/2004 Loan Approval Gross Amount $410,000 Loan Approval from the SBA Of the total $410,000 loan amount, the SBA guaranteed $307,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Rodeway Inns franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $410,000. How would you spend $410,000 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. Related Links: Best Provo, Utah Banks for Small Business
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