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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Quality Inn Loan | ||||
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SBA Franchise Lenders in Texas
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Loan to Buy Choice Hotels International Inc. Franchise Issued By Newtek Small Business Finance Inc.Need a loan to purchase a Choice Hotels International Inc. franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Choice Hotels International Inc. franchise? If so, here's a 2005 SBA franchise loan that you should know about. Newtek Small Business Finance Inc. was the lender and the entrepreneur was based in Texarkana, Texas. SBA Loan Borrower QUALITY INN SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 4/13/2005 Loan Approval Gross Amount $1,972,000 Loan Approval from the SBA Of the total $1,972,000 loan amount, the SBA guaranteed $1,479,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 1 new job and retain 11 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Newtek Small Business Finance Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Choice Hotels International, Inc. Best Banks for Small Business in New York, New York
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