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May 7, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Warrenton, Business Loans > Provident Bank Of Maryland Warrenton Business Loans > Microtel Inns & Suites Loan | ||||
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How to Get SBA Loans in Sterling, Virginia
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Provident Bank Of Maryland Provides SBA Loan to Buy Microtel FranchiseBorrowing money to buy a Microtel franchise? Provident Bank Of Maryland has a history of making these loans and they are guaranteed by the SBA. Microtel franchise loans are available to Sterling, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Provident Bank Of Maryland, based in Warrenton, Virginia, issued an SBA franchise loan for a Microtel franchise in 2000. We've got all the details on this Virginia small business loan. SBA Loan Borrower MICROTEL INNS & SUITES SBA Loan Lender PROVIDENT BANK OF MARYLAND This SBA business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels Loan Approval Date 7/5/2000 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Microtel franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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: Where to Get an SBA Loan in Warrenton, Virginia
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