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April 28, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Comfort Inn - Hobbs Loan | ||||
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Requirements for Financing a Franchise
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Business Loan Center, LLC Provides SBA Loan to Buy Comfort Inn FranchiseNeed a loan to purchase a Comfort Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. If you live near Hobbs, New Mexico and are interested in buying a Comfort Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Business Loan Center, LLC. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower COMFORT INN - HOBBS SBA Loan Lender BUSINESS LOAN CENTER, LLC This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and are well trained in SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/3/2001 Loan Approval Gross Amount $1,330,000 Loan Approval from the SBA Of the total $1,330,000 loan amount, the SBA guaranteed $997,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Comfort Inn franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Hobbs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding From a Venture Capitalist Best Banks for Small Business in Richmond, Virginia
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