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July 22, 2024  
 
 
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Raising Money in Benson, Arizona With SBA Loans

 

 
Loan Census SBA Loan Info

Pacific City Bank Provides SBA Loan to Buy Super 8 Motel Franchise

Need a loan to invest in a Super 8 Motel franchise? Pacific City Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Benson, Arizona needed money to invest in a Super 8 Motel franchise back in 2007. Pacific City Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan.

SBA Loan Borrower

JEMS BURGEON MANAGEMENT, INC.
Benson, AZ 85602

SBA Loan Lender

PACIFIC CITY BANK
3701 WILSHIRE BLVD, STE 402
LOS ANGELES, CA 90010

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

1/26/2007

Loan Approval Gross Amount

$1,592,000

Loan Approval from the SBA

Of the total $1,592,000 loan amount, the SBA guaranteed $1,194,000.

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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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:

Super 8 Motels, Inc.

Business Incubators

Where to Get an SBA Loan in Los Angeles, California

SBA Participating Banks in California