Sandersville, GA Entrepreneur Gets SBA Loan to Buy Holiday Inn Express Franchise

Need a loan to purchase a Holiday Inn Express franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA.

Holiday Inn Express franchise loans are available to Sandersville, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community So. Bank D.B.A Commun, based in Parsons, Tennessee, issued an SBA franchise loan for a Holiday Inn Express franchise in 2006. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

HOLIDAY INN EXPRESS
SANDERSVILLE, GA 31082

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

This lender provides SBA guaranteed business 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

2/6/2006

Loan Approval Gross Amount

$1,960,000

Loan Approval from the SBA

Of the total $1,960,000 loan amount, the SBA guaranteed $1,470,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Holiday Inn Express franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help retain 17 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Holiday Inn Worldwide

Determining Proper Capital Structure for a Business

Find an SBA Lender in Parsons, Tennessee

Getting an SBA Loan in Tennessee