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April 20, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Los Angeles, Business Loans > Nara Bank Los Angeles Business Loans > Stj Investment LLC Loan | ||||
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Best Banks for Franchise Loans in Texas
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Borrow Money to Buy a La Quinta Inn FranchiseBorrowing money to purchase a La Quinta Inn franchise? Nara Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a La Quinta Inn franchise is doable. In 2007, Nara Bank issued an SBA franchise loan to an entrepreneur in Rockwall, Texas. Because La Quinta Inn was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower STJ INVESTMENT LLC SBA Loan Lender NARA BANK 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 5/29/2007 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. 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 14 employees. The SBA loan documents indicated that the loan would help retain 14 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Rockwall TX, you ought to talk with a local Rockwall SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rockwall 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: SBA 7A Banks in Los Angeles, California Browse All Business Loan Sources for California
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