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April 25, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Travelodge Erle Loan | ||||
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Advice for Financing a Franchise
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Erie, PA Entrepreneur Gets SBA Loan to Buy Ramada Inn FranchiseBorrowing money to invest in a Ramada Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Ramada Inn franchise shouldn't be too tough. In 2002, Business Loan Center, LLC issued an SBA franchise loan to an entrepreneur in Erie, Pennsylvania. Because Ramada Inn was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis. SBA Loan Borrower TRAVELODGE ERLE SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA guaranteed business 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. NAICS Code 721110 - Hotels and Motels Loan Approval Date 11/8/2002 Loan Approval Gross Amount $1,350,000 Loan Approval from the SBA Of the total $1,350,000 loan amount, the SBA guaranteed $999,999. 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 25 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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. Where to Get an SBA Loan in Richmond, Virginia Find an SBA Lender in Virginia
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