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April 26, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Myers, Business Loans > First Commun Bank - S.W. Florida Fort Myers Business Loans > La Quinta Inn Of Cocoa Beach Loan | ||||
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Cocoa Beach, Florida Bank Loan
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Cocoa Beach, FL Entrepreneur Gets SBA Loan to Buy La Quinta Inn FranchiseNeed a loan to purchase a La Quinta Inn franchise? First Commun Bank - S.W. Florida has a history of making these loans and they are guaranteed by the SBA. If you live near Cocoa Beach, Florida and are interested in buying a La Quinta Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by First Commun Bank - S.W. Florida. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower LA QUINTA INN OF COCOA BEACH SBA Loan Lender FIRST COMMUN BANK - S.W. FLORIDA SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. 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 8/31/2004 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a La Quinta Inn franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels 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. We've showcased information on this loan to let you know that businesses like yours 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: Obtaining Funding From a Venture Capitalist SBA Approved Banks in Fort Myers, Florida SBA Participating Banks in Florida
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