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May 5, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Scottish Inn Loan | ||||
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How Much Does It Cost to Buy a Franchise in Pocahontas, Arkansas?
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Borrow Money to Buy a Scottish Inns FranchiseBorrowing money to invest in a Scottish Inns franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Scottish Inns franchise? If so, here's a 2003 SBA franchise loan that you should know about. Business Loan Center, LLC was the lender and the entrepreneur was based in Pocahontas, Arkansas. SBA Loan Borrower SCOTTISH INN SBA Loan Lender BUSINESS LOAN CENTER, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 4/15/2003 Loan Approval Gross Amount $445,000 Loan Approval from the SBA Of the total $445,000 loan amount, the SBA guaranteed $333,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Scottish Inns franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs. 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 company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Participating Banks in New York, New York Getting an SBA Loan in New York
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