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May 3, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Toledo, Business Loans > The Huntington National Bank Toledo Business Loans > Days Inn Of Huntington Loan | ||||
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Huntington, Indiana Bank Loan
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Loan to Buy Days Inn Franchise Issued By The Huntington National BankBorrowing money to buy a Days Inn franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Huntington, Indiana needed money to invest in a Days Inn franchise back in 2001. The Huntington National Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan. SBA Loan Borrower DAYS INN OF HUNTINGTON SBA Loan Lender THE HUNTINGTON NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 3/29/2001 Loan Approval Gross Amount $608,000 Loan Approval from the SBA Of the total $608,000 loan amount, the SBA guaranteed $425,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 for Small Business in Toledo, Ohio
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