Borrow Money to Buy a Country Hearth Inn Franchise

Borrowing money to invest in a Country Hearth Inn franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Nicholasville, Kentucky needed money to invest in a Country Hearth Inn franchise back in 2001. Comerica Bank issued an SBA franchise loan. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COUNTRY HEARTH INN
NICHOLASVILLE, KY 40356

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

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

3/9/2001

Loan Approval Gross Amount

$1,142,000

Loan Approval from the SBA

Of the total $1,142,000 loan amount, the SBA guaranteed $856,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Country Hearth Inn franchise. At the time of the loan, the company had 16 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Nicholasville KY, you ought to talk with a local Nicholasville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nicholasville businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.

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.

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Country Hearth Inn

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