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April 29, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Holiday Inn Express Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Orlando, FL Entrepreneur Gets SBA Loan to Buy Holiday Inn FranchiseBorrowing money to buy a Holiday Inn franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Orlando, Florida needed money to invest in a Holiday Inn franchise back in 2003. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower HOLIDAY INN EXPRESS SBA Loan Lender TEMECULA VALLEY BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 3/13/2003 Loan Approval Gross Amount $1,333,000 Loan Approval from the SBA Of the total $1,333,000 loan amount, the SBA guaranteed $999,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Holiday Inn franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 15 new jobs and retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Temecula Valley Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Temecula Valley Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 in Temecula, California
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