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May 7, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Sleep Inn & Suites Of Lakeland Loan | ||||
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SBA Franchise Lenders in Florida
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Temecula Valley Bank Provides SBA Loan to Buy Choice Hotels International Inc. FranchiseNeed money to buy a Choice Hotels International Inc. franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Lakeland, Florida needed money to invest in a Choice Hotels International Inc. franchise back in 2004. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower SLEEP INN & SUITES OF LAKELAND SBA Loan Lender TEMECULA VALLEY 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 8/20/2004 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help create 12 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in Lakeland FL, you ought to talk with a local Lakeland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lakeland businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $2,000,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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. Microlending as a Small Business Funding Source Find an SBA Lender in Temecula, California Find an SBA Lender in California
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