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May 5, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Econo Lodge Loan | ||||
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Tips for Financing a Franchise
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Borrow Money to Buy an Econo Car FranchiseBorrowing money to buy an Econo Car franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Goose Creek, South Carolina needed money to invest in an Econo Car franchise back in 2001. Small Business Loan Source LLC issued an SBA franchise loan. Here are the details on this South Carolina small business loan. SBA Loan Borrower ECONO LODGE SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial 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 8/27/2001 Loan Approval Gross Amount $1,333,000 Loan Approval from the SBA Of the total $1,333,000 loan amount, the SBA guaranteed $999,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Econo Car franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: SBA 7A Lenders in Houston, Texas Getting a Business Loan in Texas
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