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May 9, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Super 8 Motel Braunfels Loan | ||||
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Ge Cap. Small Business Finan Corp Franchise Loans
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Ge Cap. Small Business Finan Corp Provides SBA Loan to Buy Super 8 Motel FranchiseNeed money to buy a Super 8 Motel franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in New Braunfels, Texas needed money to invest in a Super 8 Motel franchise back in 2000. Ge Cap. Small Business Finan Corp issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower SUPER 8 MOTEL BRAUNFELS SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. 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 1/21/2000 Loan Approval Gross Amount $1,575,000 Loan Approval from the SBA Of the total $1,575,000 loan amount, the SBA guaranteed $749,999. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help retain 11 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $1,575,000. How would you spend $1,575,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in St. Louis, Missouri Getting a Business Loan in Missouri
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