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April 26, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Dallas, Business Loans > First Western Sblc, Inc Dallas Business Loans > Rodeway Inn Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Georgia Entrepreneur Secures Financing to Buy Rodeway Inns FranchiseNeed a loan to invest in a Rodeway Inns franchise? First Western Sblc, Inc has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Augusta, Georgia needed money to invest in a Rodeway Inns franchise back in 2005. First Western Sblc, Inc issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower RODEWAY INN SBA Loan Lender FIRST WESTERN SBLC, INC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 6/14/2005 Loan Approval Gross Amount $878,000 Loan Approval from the SBA Of the total $878,000 loan amount, the SBA guaranteed $658,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Rodeway Inns franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Augusta or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Dallas, Texas
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