Loan to Buy Days Inn Franchise Issued By Community So. Bank D.B.A Commun

Need money to purchase a Days Inn franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Marion, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community So. Bank D.B.A Commun, based in Parsons, Tennessee, issued an SBA franchise loan for a Days Inn franchise in 2004. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

DAYS INN
MARION, NC 28752

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

This lender provides SBA small business 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

11/10/2004

Loan Approval Gross Amount

$875,000

Loan Approval from the SBA

Of the total $875,000 loan amount, the SBA guaranteed $656,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help retain 10 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community So. Bank D.B.A Commun and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Days Inn Worldwide Inc.

Small Business Credit Cards

SBA Approved Banks in Parsons, Tennessee

Where to Get an SBA Loan Tennessee