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May 3, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Super 8 Motel Loan | ||||
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Bank Of The West SBA Franchise Loans
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Bank Of The West Provides SBA Loan to Buy Super 8 Motel FranchiseBorrowing money to purchase a Super 8 Motel franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. If you live near Covington, Tennessee and are interested in buying a Super 8 Motel franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Bank Of The West. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower SUPER 8 MOTEL SBA Loan Lender BANK OF THE WEST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 8/17/2001 Loan Approval Gross Amount $746,000 Loan Approval from the SBA Of the total $746,000 loan amount, the SBA guaranteed $559,500. 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 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Realistic Debt Financing Options Best Truckee, California Banks for Small Business Getting a Business Loan in California
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