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May 2, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Knights Inn Loan | ||||
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Micanopy, Florida Bank for SBA Loans
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Loan to Buy Knights Inn Franchise Issued By Business Loan Center, LLCNeed money to buy a Knights Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Micanopy, Florida needed money to invest in a Knights Inn franchise back in 2005. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower KNIGHTS INN SBA Loan Lender BUSINESS LOAN CENTER, LLC This SBA bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a thorough understanding of SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/14/2005 Loan Approval Gross Amount $1,048,000 Loan Approval from the SBA Of the total $1,048,000 loan amount, the SBA guaranteed $786,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Knights Inn franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Knights Inn Franchise Canada Inc. Best Banks in Richmond, Virginia
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