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April 28, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Flemington, Business Loans > Commerce Bank Flemington Business Loans > Sj Hospitality, LLC Loan | ||||
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Advice for Getting a Franchise Loan
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New Jersey Entrepreneur Secures Financing to Buy Quality Inn FranchiseNeed a loan to buy a Quality Inn franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Quality Inn franchise loans are available to Point Pleasant, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commerce Bank, based in Flemington, New Jersey, issued an SBA franchise loan for a Quality Inn franchise in 2007. We've got all the details on this New Jersey small business loan. SBA Loan Borrower SJ HOSPITALITY, LLC SBA Loan Lender COMMERCE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 2/13/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Quality Inn franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Where to Get an SBA Loan in Flemington, New Jersey
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