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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Comfort Suites-Rowlett Loan | ||||
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Raising Money in Rowlett, Texas With SBA Loans
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Texas Entrepreneur Secures Financing to Buy Comfort Suites FranchiseNeed money to purchase a Comfort Suites franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. Comfort Suites franchise loans are available to Rowlett, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ge Cap. Small Business Finan Corp, based in St. Louis, Missouri, issued an SBA franchise loan for a Comfort Suites franchise in 2003. We've got all the details on this Texas small business loan. SBA Loan Borrower COMFORT SUITES-ROWLETT SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 7/23/2003 Loan Approval Gross Amount $237,500 Loan Approval from the SBA Of the total $237,500 loan amount, the SBA guaranteed $178,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Comfort Suites franchise. At the time of the loan, the company had 22 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Ge Cap. Small Business Finan Corp 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. Related Links: Best St. Louis, Missouri Banks for Small Business Browse All Business Loan Sources for Missouri
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