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April 28, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Nevada Econo Lodge Loan | ||||
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Raising Money in Nevada, Missouri With SBA Loans
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Nevada, MO Entrepreneur Gets SBA Loan to Buy Econo Lodge Motel FranchiseNeed money to invest in an Econo Lodge Motel franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Econo Lodge Motel franchise loans are available to Nevada, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Loan Center, LLC, based in New York, New York, issued an SBA franchise loan for an Econo Lodge Motel franchise in 2005. We've got all the details on this Missouri small business loan. SBA Loan Borrower NEVADA ECONO LODGE SBA Loan Lender BUSINESS LOAN CENTER, LLC This commercial loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/31/2005 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lodge Motel franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Loan Center, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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: Obtaining Funding - Getting Venture Capital
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