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April 25, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Duluth, Business Loans > Haven Trust Bank Duluth Business Loans > Ekdant LLC Loan | ||||
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Haven Trust Bank Small Business Franchise Loan
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Borrow Money to Buy a Ramada Inn FranchiseNeed a loan to buy a Ramada Inn franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Ramada Inn franchise requires some effort but others before you have been successful. In 2007, Haven Trust Bank issued an SBA franchise loan to an entrepreneur in Cartersville, Georgia. Because Ramada Inn was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower EKDANT LLC SBA Loan Lender HAVEN TRUST BANK 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 5/3/2007 Loan Approval Gross Amount $1,600,000 Loan Approval from the SBA Of the total $1,600,000 loan amount, the SBA guaranteed $1,200,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Ramada Inn franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Cartersville 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: Ramada Franchise Systems, Inc. Advice on Getting a Small Business Loan Best Duluth, Georgia Banks for Small Business SBA Participating Banks in Georgia
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