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May 4, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Super 8 Motel Loan | ||||
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Business Loans for Chesterton Small Businesses
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Chesterton, IN Entrepreneur Gets SBA Loan to Buy Super 8 Motel FranchiseNeed money to invest in a Super 8 Motel franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chesterton, Indiana needed money to invest in a Super 8 Motel franchise back in 2000. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Indiana small business loan. SBA Loan Borrower SUPER 8 MOTEL SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This SBA loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. 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 10/26/2000 Loan Approval Gross Amount $1,231,000 Loan Approval from the SBA Of the total $1,231,000 loan amount, the SBA guaranteed $749,999. 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 25 employees. This SBA loan request did not indicate that the business promised to use the funding to add 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,231,000 loan. Remember, if it to be, it is up to me! 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: Where to Get an SBA Loan in Livingston, New Jersey
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