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April 19, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Ramada Inn Loan | ||||
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How to Get SBA Loans in Petersburg, Virginia
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Virginia Entrepreneur Secures Financing to Buy Ramada Inn FranchiseBorrowing money to buy a Ramada Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Petersburg, Virginia needed money to invest in a Ramada Inn franchise back in 2000. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower RAMADA INN SBA Loan Lender BUSINESS LOAN CENTER, LLC 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. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/4/2000 Loan Approval Gross Amount $1,333,000 Loan Approval from the SBA Of the total $1,333,000 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 Ramada Inn franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 20 existing jobs. Getting an SBA Loan For Your Business If you are raising money in Petersburg VA, you ought to talk with a local Petersburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Petersburg businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Ramada Franchise Systems, Inc. The Friends and Family Network Find an SBA Lender in Richmond, Virginia Getting a Business Loan in Virginia
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