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May 1, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Heritage Bank Of Commerce San Jose Business Loans > Santa Cruz Travelodge Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Santa Cruz, CA Entrepreneur Gets SBA Loan to Buy Travelodge FranchiseNeed a loan to invest in a Travelodge franchise? Heritage Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA. Travelodge franchise loans are available to Santa Cruz, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heritage Bank Of Commerce, based in San Jose, California, issued an SBA franchise loan for a Travelodge franchise in 2003. We've got all the details on this California small business loan. SBA Loan Borrower SANTA CRUZ TRAVELODGE SBA Loan Lender HERITAGE BANK OF COMMERCE This lender provides SBA 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 3/5/2003 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Travelodge franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Obtaining Funding From a Venture Capitalist Best Banks for Small Business in San Jose, California
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