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May 1, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Knoxville, Business Loans > Community So. Bank D.B.A Commun Knoxville Business Loans > Amerihost Inn Loan | ||||
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Small Business Banks for Jackson, Tennessee Business Owners
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Tennessee Entrepreneur Secures Financing to Buy Amerihost Inn FranchiseBorrowing money to buy an Amerihost Inn franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Jackson, Tennessee needed money to invest in an Amerihost Inn franchise back in 2005. Community So. Bank D.B.A Commun issued an SBA franchise loan. Here are the details on this Tennessee small business loan. SBA Loan Borrower AMERIHOST INN SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/17/2005 Loan Approval Gross Amount $1,795,000 Loan Approval from the SBA Of the total $1,795,000 loan amount, the SBA guaranteed $1,346,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Amerihost Inn franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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. Related Links: Where to Get an SBA Loan in Knoxville, Tennessee
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