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May 2, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > De Graff, Business Loans > United Midwest Savings Bank De Graff Business Loans > Knights Inn Loan | ||||
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SBA 7A Banks in Ohio
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Borrow Money to Buy a Knights Inn FranchiseNeed a loan to buy a Knights Inn franchise? United Midwest Savings Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Knights Inn franchise? If so, here's a 2002 SBA franchise loan that you should know about. United Midwest Savings Bank was the lender and the entrepreneur was based in Fairview Park, Ohio. SBA Loan Borrower KNIGHTS INN SBA Loan Lender UNITED MIDWEST SAVINGS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 3/13/2002 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Knights Inn franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Fairview Park or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Knights Inn Franchise Canada Inc. Obtaining Funding From a Venture Capitalist SBA 7A Lenders in De Graff, Ohio
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