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May 2, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Super 8 Motel Of Malvern Loan | ||||
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Banks for Malvern, Arkansas Small Business Owners
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Malvern, AR Entrepreneur Gets SBA Loan to Buy Super 8 Motel FranchiseNeed a loan to invest in a Super 8 Motel franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Super 8 Motel franchise is doable. In 2000, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Malvern, Arkansas. Because Super 8 Motel was registered with the SBA's registry of franchises, this Arkansas small business loan was issued on an expedited basis. SBA Loan Borrower SUPER 8 MOTEL OF MALVERN SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/12/2000 Loan Approval Gross Amount $1,500,000 Loan Approval from the SBA Of the total $1,500,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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: Small Business Banks in Livingston, New Jersey
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