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May 2, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Zanesville, Business Loans > The Huntington National Bank Zanesville Business Loans > Knights Inn Circleville Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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The Huntington National Bank Provides SBA Loan to Buy Knights Inn FranchiseNeed a loan to buy a Knights Inn franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Knights Inn franchise requires some effort but others before you have been successful. In 2000, The Huntington National Bank issued an SBA franchise loan to an entrepreneur in Circleville, Ohio. Because Knights Inn was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis. SBA Loan Borrower KNIGHTS INN CIRCLEVILLE SBA Loan Lender THE HUNTINGTON NATIONAL 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. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/12/2000 Loan Approval Gross Amount $1,080,000 Loan Approval from the SBA Of the total $1,080,000 loan amount, the SBA guaranteed $749,995. 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 5 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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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