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April 26, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Ramada Inn Loan | ||||
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Dickson, Tennessee Bank Loan
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Tennessee Entrepreneur Secures Financing to Buy Ramada Inn FranchiseBorrowing money to purchase a Ramada Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Ramada Inn franchise? If so, here's a 2001 SBA franchise loan that you should know about. Business Loan Center, LLC was the lender and the entrepreneur was based in Dickson, Tennessee. SBA Loan Borrower RAMADA INN SBA Loan Lender BUSINESS LOAN CENTER, LLC This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/6/2001 Loan Approval Gross Amount $1,275,000 Loan Approval from the SBA Of the total $1,275,000 loan amount, the SBA guaranteed $956,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Ramada Inn franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,275,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Ramada Franchise Systems, Inc. Obtaining Funding - Getting Venture Capital Where to Get an SBA Loan in Richmond, Virginia
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