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May 1, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Knights Inn Loan | ||||
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South Carolina Small Business Funding for Franchises
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Camden, SC Entrepreneur Gets SBA Loan to Buy Knights Inn FranchiseNeed a loan to purchase a Knights Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Camden, South Carolina needed money to invest in a Knights Inn franchise back in 2002. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this South Carolina small business loan. SBA Loan Borrower KNIGHTS INN SBA Loan Lender BUSINESS LOAN CENTER, LLC 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. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/22/2002 Loan Approval Gross Amount $788,000 Loan Approval from the SBA Of the total $788,000 loan amount, the SBA guaranteed $591,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Knights Inn franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Business Loan Center, LLC and they will explain how you can get an SBA loan for your company. 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: Knights Inn Franchise Canada Inc. Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in New York, New York
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