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April 20, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Econo Lodge Loan | ||||
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Good Banks for Williams Franchisees
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Borrow Money to Buy an Econo Lodge Motel FranchiseBorrowing money to invest in an Econo Lodge Motel franchise? Excel National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Williams, Arizona needed money to invest in an Econo Lodge Motel franchise back in 2006. Excel National Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower ECONO LODGE SBA Loan Lender EXCEL NATIONAL 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 11/3/2006 Loan Approval Gross Amount $1,280,000 Loan Approval from the SBA Of the total $1,280,000 loan amount, the SBA guaranteed $960,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lodge Motel franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business 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 $1,280,000. How would you spend $1,280,000 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: Obtaining Funding - Friends and Family Best Banks in Beverly Hills, California
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