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April 23, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Dove Creek, Business Loans > Community Banks Of Colorado Dove Creek Business Loans > Go West Inns Of St. George, In Loan | ||||
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Raising Money in St. George, Utah With SBA Loans
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Utah Entrepreneur Secures Financing to Buy Super 8 Motel FranchiseNeed a loan to purchase a Super 8 Motel franchise? Community Banks Of Colorado has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Super 8 Motel franchise? If so, here's a 2000 SBA franchise loan that you should know about. Community Banks Of Colorado was the lender and the entrepreneur was based in St. George, Utah. SBA Loan Borrower GO WEST INNS OF ST. GEORGE, IN SBA Loan Lender COMMUNITY BANKS OF COLORADO This 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 Loan Approval Date 3/31/2000 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $220,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 160 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $400,000. How would you spend $400,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: A Company That Helps Entrepreneurs
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