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May 1, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Super 8 Garden City Loan | ||||
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Garden City, Kansas Bank Loan
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Garden City, KS Entrepreneur Gets SBA Loan to Buy Super 8 Motel FranchiseNeed money to invest in a Super 8 Motel franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Garden City, Kansas needed money to invest in a Super 8 Motel franchise back in 2003. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Kansas small business loan. SBA Loan Borrower SUPER 8 GARDEN CITY SBA Loan Lender BUSINESS LOAN CENTER, LLC As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/16/2003 Loan Approval Gross Amount $896,000 Loan Approval from the SBA Of the total $896,000 loan amount, the SBA guaranteed $672,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Business Loan Center, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Banks for New York, New York Loans
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