Loan to Buy Days Inn Franchise Issued By Loan Depot Lending Company In

Need money to purchase a Days Inn franchise? Loan Depot Lending Company In has a history of making these loans and they are guaranteed by the SBA.

If you live near Ottawa, Kansas and are interested in buying a Days Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Loan Depot Lending Company In. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DAYS INN
OTTAWA, KS 66067

SBA Loan Lender

LOAN DEPOT LENDING COMPANY IN
1608 HERITAGE BUSINESS COURT,
CHATTANOOGA, TN 37421

This SBA small 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

1/28/2005

Loan Approval Gross Amount

$369,000

Loan Approval from the SBA

Of the total $369,000 loan amount, the SBA guaranteed $276,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 6 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!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Loan Depot Lending Company In had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Loan Depot Lending Company In 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:

Days Inn Worldwide Inc.

VC Firms on Twitter

Best Chattanooga, Tennessee Banks for Small Business

SBA Tennessee Lenders