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October 22, 2021  
 
 
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SBA Franchise Lenders in Alabama

 

 
Loan Census SBA Loan Info

Loan to Buy Days Inn Franchise Issued By Branch Bank & Trust

Need money to purchase a Days Inn franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Montgomery, Alabama and are interested in buying a Days Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Branch Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MONTGOMERY DAYS INN
MONTGOMERY, AL 36116

SBA Loan Lender

BRANCH BANK & TRUST
2019 SCENIC HWY
SNELLVILLE, GA 30078

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

7/9/2004

Loan Approval Gross Amount

$1,730,000

Loan Approval from the SBA

Of the total $1,730,000 loan amount, the SBA guaranteed $1,297,500.

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 11 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,730,000 loan. Remember, anyone can do it... so why not 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:

Days Inn Worldwide Inc.

Determining Proper Capital Structure for a Business

Best Snellville, Georgia Banks for Small Business

Georgia SBA 7A Lenders