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May 1, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Knoxville, Business Loans > Community So. Bank D.B.A Commun Knoxville Business Loans > Baymont Inn Loan | ||||
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Raising Money in Macon, Georgia With SBA Loans
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Georgia Entrepreneur Secures Financing to Buy Amerihost Inn FranchiseNeed money to purchase an Amerihost Inn franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Macon, Georgia needed money to invest in an Amerihost Inn franchise back in 2006. Community So. Bank D.B.A Commun issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower BAYMONT INN SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 11/20/2006 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 an existing business. This loan was used to buy an Amerihost Inn franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Borrowing Money from Friends and Family SBA 7A Banks for Knoxville, Tennessee Loans Browse All Business Loan Sources for Tennessee
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