U.S. Bank National Association Provides SBA Loan to Buy Econo Lodge Motel Franchise

Need a loan to invest in an Econo Lodge Motel franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Econo Lodge Motel franchise loans are available to Milwaukie, Oregon entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, U.S. Bank National Association, based in Cincinnati, Ohio, issued an SBA franchise loan for an Econo Lodge Motel franchise in 2003. We've got all the details on this Oregon small business loan.

SBA Loan Borrower

ECONOLODGE SOUTHEAST
MILWAUKIE, OR 97267

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

At the time this loan was granted, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program was created to ensure quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

12/12/2003

Loan Approval Gross Amount

$949,000

Loan Approval from the SBA

Of the total $949,000 loan amount, the SBA guaranteed $711,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Econo Lodge Motel franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Milwaukie OR, you ought to talk with a local Milwaukie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Milwaukie businesses.

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 $949,000 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:

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