Borrow Money to Buy an Econo Lodge Motel Franchise

Need money to invest in an Econo Lodge Motel franchise? America West Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Logan, Utah needed money to invest in an Econo Lodge Motel franchise back in 2007. America West Bank issued an SBA franchise loan. Here are the details on this Utah small business loan.

SBA Loan Borrower

BLUE STAR HOTELS LLC
LOGAN, UT 87321

SBA Loan Lender

AMERICA WEST BANK
476 W HERITAGE PARK BLVD, STE
LAYTON, UT 84041

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

8/3/2007

Loan Approval Gross Amount

$1,665,000

Loan Approval from the SBA

Of the total $1,665,000 loan amount, the SBA guaranteed $1,248,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lodge Motel franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Econo Lodges of America, Inc.

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Layton, Utah

SBA Utah Banks