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April 26, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Ramada Inn West Columbia Loan | ||||
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Raising Money in West Columbia, South Carolina With SBA Loans
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South Carolina Entrepreneur Secures Financing to Buy Ramada Inn FranchiseNeed a loan to purchase a Ramada Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in West Columbia, South Carolina needed money to invest in a Ramada Inn franchise back in 2004. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this South Carolina small business loan. SBA Loan Borrower RAMADA INN WEST COLUMBIA SBA Loan Lender BUSINESS LOAN CENTER, LLC 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 6/7/2004 Loan Approval Gross Amount $1,200,000 Loan Approval from the SBA Of the total $1,200,000 loan amount, the SBA guaranteed $900,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Ramada Inn franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,200,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Ramada Franchise Systems, Inc. Raising VC Money for Social Networking Companies SBA Banks in New York, New York
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