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April 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Comerica Bank Houston Business Loans > Quality Inn & Suites Loan | ||||
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Texas Small Business Funding for Franchises
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El Paso, TX Entrepreneur Gets SBA Loan to Buy Choice Hotels International Inc. FranchiseNeed money to invest in a Choice Hotels International Inc. franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Choice Hotels International Inc. franchise? If so, here's a 2002 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in El Paso, Texas. SBA Loan Borrower QUALITY INN & SUITES SBA Loan Lender COMERICA BANK 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 11/6/2002 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 8 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 8 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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. Where to Get an SBA Loan in Houston, Texas
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