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April 17, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Dallas, Business Loans > First Western Sblc, Inc Dallas Business Loans > Econolodge Of Muscatine Loan | ||||
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How Much Does It Cost to Buy a Franchise in Muscatine, Iowa?
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Muscatine, IA Entrepreneur Gets SBA Loan to Buy Choice Hotels International Inc. FranchiseNeed a loan to buy a Choice Hotels International Inc. franchise? First Western Sblc, Inc has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Muscatine, Iowa needed money to invest in a Choice Hotels International Inc. franchise back in 2005. First Western Sblc, Inc issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower ECONOLODGE OF MUSCATINE SBA Loan Lender FIRST WESTERN SBLC, INC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 9/2/2005 Loan Approval Gross Amount $1,119,000 Loan Approval from the SBA Of the total $1,119,000 loan amount, the SBA guaranteed $839,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 18 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Choice Hotels International, Inc. Obtaining Funding - How to Borrow Money SBA 7A Lenders in Dallas, Texas
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