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April 25, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Kingsland, Business Loans > Citizens State Bank Kingsland Business Loans > Days Inn Loan | ||||
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Townsend, Georgia Bank for SBA Loans
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Georgia Entrepreneur Secures Financing to Buy Days Inn FranchiseNeed a loan to invest in a Days Inn franchise? Citizens State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Townsend, Georgia needed money to invest in a Days Inn franchise back in 2001. Citizens State Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower DAYS INN SBA Loan Lender CITIZENS STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/6/2001 Loan Approval Gross Amount $1,100,000 Loan Approval from the SBA Of the total $1,100,000 loan amount, the SBA guaranteed $825,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,100,000 loan. Remember, anyone can do it... so why not you? 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: Small Business Banks in Kingsland, Georgia Getting an SBA Loan in Georgia
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