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May 11, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Stm Lodging Group LLC Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Business Loan Center, LLC Provides SBA Loan to Buy Howard Johnson FranchiseBorrowing money to buy a Howard Johnson franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Howard Johnson franchise loans are available to Kingsport, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Loan Center, LLC, based in Richmond, Virginia, issued an SBA franchise loan for a Howard Johnson franchise in 2001. We've got all the details on this Tennessee small business loan. SBA Loan Borrower STM LODGING GROUP LLC SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA commercial 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 1/5/2001 Loan Approval Gross Amount $1,200,000 Loan Approval from the SBA Of the total $1,200,000 loan amount, the SBA guaranteed $900,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Howard Johnson franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 7 existing jobs. Next Steps for Getting an SBA Loan 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. We can help you find the best banks for small businesses in Kingsport 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: Howard Johnson International, Inc. Howard Johnson Franchise Canada Inc. Borrowing Money from Friends and Family Best Banks for Small Business in Richmond, Virginia Getting an SBA Loan in Virginia
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