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May 18, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Super 8 Motel Lawton Loan | ||||
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Comerica Bank SBA 7A Franchise Loans
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Comerica Bank Provides SBA Loan to Buy Super 8 Motel FranchiseNeed money to buy a Super 8 Motel franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Super 8 Motel franchise? If so, here's a 2002 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Lawton, Oklahoma. SBA Loan Borrower SUPER 8 MOTEL LAWTON SBA Loan Lender COMERICA BANK This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 9/23/2002 Loan Approval Gross Amount $1,323,000 Loan Approval from the SBA Of the total $1,323,000 loan amount, the SBA guaranteed $992,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $1,323,000. How would you spend $1,323,000 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:
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