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April 28, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Quality Inn-Kings Island Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Mason, OH Entrepreneur Gets SBA Loan to Buy Quality Inn FranchiseNeed a loan to invest in a Quality Inn franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mason, Ohio needed money to invest in a Quality Inn franchise back in 2000. Washington Mutual Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower QUALITY INN-KINGS ISLAND SBA Loan Lender WASHINGTON MUTUAL BANK This SBA loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. 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 4/26/2000 Loan Approval Gross Amount $1,244,000 Loan Approval from the SBA Of the total $1,244,000 loan amount, the SBA guaranteed $749,995. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Quality Inn franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Washington Mutual Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Lenders in Henderson, Nevada
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