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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Super 8 Motel Loan | ||||
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How to Get SBA Loans in Weatherford, Texas
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Bank Of The West Provides SBA Loan to Buy Days Inn FranchiseBorrowing money to purchase a Days Inn franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Days Inn franchise is doable. In 2001, Bank Of The West issued an SBA franchise loan to an entrepreneur in Weatherford, Texas. Because Days Inn was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower SUPER 8 MOTEL SBA Loan Lender BANK OF THE WEST This bank 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 5/3/2001 Loan Approval Gross Amount $1,335,000 Loan Approval from the SBA Of the total $1,335,000 loan amount, the SBA guaranteed $999,915. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Who Lends Money to Small Businesses in Truckee, California
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