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May 4, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Lakeside Inn Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Russellville, AR Entrepreneur Gets SBA Loan to Buy Days Inn FranchiseBorrowing money to invest in a Days Inn franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Russellville, Arkansas needed money to invest in a Days Inn franchise back in 2005. Ups Capital Business Credit issued an SBA franchise loan. Here are the details on this Arkansas small business loan. SBA Loan Borrower LAKESIDE INN SBA Loan Lender UPS CAPITAL BUSINESS CREDIT This lender provides SBA debt financing 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 9/28/2005 Loan Approval Gross Amount $1,568,000 Loan Approval from the SBA Of the total $1,568,000 loan amount, the SBA guaranteed $1,176,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Days 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 retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $1,568,000. How would you spend $1,568,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Advice on Getting a Small Business Loan Who Lends Money to Small Businesses in Windsor, Connecticut SBA Participating Banks in Connecticut
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