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April 19, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Econo Lodge Loan | ||||
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Gainesville, Florida Bank for SBA Loans
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Borrow Money to Buy a Choice Hotels International Inc. FranchiseNeed money to buy a Choice Hotels International Inc. franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Gainesville, Florida needed money to invest in a Choice Hotels International Inc. franchise back in 2001. Compass Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower ECONO LODGE SBA Loan Lender COMPASS 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 11/21/2001 Loan Approval Gross Amount $866,000 Loan Approval from the SBA Of the total $866,000 loan amount, the SBA guaranteed $649,500. 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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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 Gainesville 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: Choice Hotels International, Inc. Best Banks for Small Business in Birmingham, Alabama Browse All Business Loan Sources for Alabama
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