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April 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Comfort Inn Loan | ||||
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Requirements for Financing a Franchise
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Ge Cap. Small Business Finan Corp Provides SBA Loan to Buy Choice Hotels International Inc. FranchiseNeed money to invest in a Choice Hotels International Inc. franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Choice Hotels International Inc. franchise shouldn't be overly burdensome. In 2000, Ge Cap. Small Business Finan Corp issued an SBA franchise loan to an entrepreneur in Dallas, Texas. Because Choice Hotels International Inc. was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower COMFORT INN SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels Loan Approval Date 1/13/2000 Loan Approval Gross Amount $1,840,000 Loan Approval from the SBA Of the total $1,840,000 loan amount, the SBA guaranteed $749,984. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Choice Hotels International, Inc. Accountant's Role in Securing Financing SBA Participating Banks in St. Louis, Missouri Getting an SBA Loan in Missouri
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