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May 2, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Duluth, Business Loans > Haven Trust Bank Duluth Business Loans > Knights Inn Loan | ||||
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Small Business Banks for Chattanooga, Tennessee Businesses
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Borrow Money to Buy a Knights Inn FranchiseNeed a loan to buy a Knights Inn franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA. Knights Inn franchise loans are available to Chattanooga, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Haven Trust Bank, based in Duluth, Georgia, issued an SBA franchise loan for a Knights Inn franchise in 2000. We've got all the details on this Tennessee small business loan. SBA Loan Borrower KNIGHTS INN SBA Loan Lender HAVEN TRUST BANK This commercial 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. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/24/2000 Loan Approval Gross Amount $2,014,000 Loan Approval from the SBA Of the total $2,014,000 loan amount, the SBA guaranteed $749,993. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Knights Inn franchise. At the time of the loan, the company had 21 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: Knights Inn Franchise Canada Inc.
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