New Mexico Entrepreneur Secures Financing to Buy National 9 Inn Franchise

Need a loan to buy a National 9 Inn franchise? Western Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a National 9 Inn franchise may simply require a phone call to a local SBA banker. In 2002, Western Commerce Bank issued an SBA franchise loan to an entrepreneur in Roswell, New Mexico. Because National 9 Inn was registered with the SBA's registry of franchises, this New Mexico small business loan was issued on an expedited basis.

SBA Loan Borrower

NATIONAL 9 INN
ROSWELL, NM 88201

SBA Loan Lender

WESTERN COMMERCE BANK
127 S CANYON ST
CARLSBAD, NM 88220

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

2/8/2002

Loan Approval Gross Amount

$581,300

Loan Approval from the SBA

Of the total $581,300 loan amount, the SBA guaranteed $435,975.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a National 9 Inn franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help create 4 new jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Western Commerce Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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