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May 1, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Amerihost Inn Loan | ||||
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Mineral Wells, West Virginia Bank Loan
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West Virginia Entrepreneur Secures Financing to Buy Amerihost Inn FranchiseNeed money to buy an Amerihost Inn franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA. Amerihost Inn franchise loans are available to Mineral Wells, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Newtek Small Business Finance Inc., based in New York, New York, issued an SBA franchise loan for an Amerihost Inn franchise in 2003. We've got all the details on this West Virginia small business loan. SBA Loan Borrower AMERIHOST INN SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 9/22/2003 Loan Approval Gross Amount $1,285,000 Loan Approval from the SBA Of the total $1,285,000 loan amount, the SBA guaranteed $963,750. 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 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Newtek Small Business Finance Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Banks in New York, New York
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