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April 26, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Santa Rosa, Business Loans > Sterling Savings Bank Santa Rosa Business Loans > La Quinta Loan | ||||
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Phoenix, Arizona Bank Loan
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Arizona Entrepreneur Secures Financing to Buy La Quinta Inn FranchiseBorrowing money to purchase a La Quinta Inn franchise? Sterling Savings Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Phoenix, Arizona needed money to invest in a La Quinta Inn franchise back in 2002. Sterling Savings Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower LA QUINTA SBA Loan Lender STERLING SAVINGS BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 2/14/2002 Loan Approval Gross Amount $1,665,000 Loan Approval from the SBA Of the total $1,665,000 loan amount, the SBA guaranteed $999,999. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a La Quinta Inn franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sterling Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: A Company That Helps Entrepreneurs Who Lends Money to Small Businesses in Santa Rosa, California Getting a Business Loan in California
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