Oxford, AL Entrepreneur Gets SBA Loan to Buy Hampton Inns Franchise
Need a loan to purchase a Hampton Inns franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Oxford, Alabama needed money to invest in a Hampton Inns franchise back in 2003. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Alabama small business loan.
SBA Loan Borrower
OXFORD, AL 36203
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
3900 WESTERRE PARKWAY, SUITE
RICHMOND, VA 23233
This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and are well trained in SBA lending rules and regulations.
SBA Loan Program Type
This loan was issued as a general business loan.
7011 - Hotels and Motels
721110 - Hotels and Motels
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $1,333,300 loan amount, the SBA guaranteed $999,975.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Hampton Inns franchise. At the time of the loan, the company
had 35 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Business Loan Center, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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.
Hampton Inn/Hampton Inn & Suites
Direct Public Offerings
SBA 7A Banks in Richmond, Virginia
Virginia SBA Bank Lenders