Ohio Entrepreneur Secures Financing to Buy Days Inn Franchise

Borrowing money to purchase a Days Inn franchise? United Midwest Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Wheelersburg, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Midwest Savings Bank, based in De Graff, Ohio, issued an SBA franchise loan for a Days Inn franchise in 2002. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

DAYS INN
WHEELERSBURG, OH 45694

SBA Loan Lender

UNITED MIDWEST SAVINGS BANK
101 S MAIN ST
DE GRAFF, OH 43318

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

3/27/2002

Loan Approval Gross Amount

$1,044,265

Loan Approval from the SBA

Of the total $1,044,265 loan amount, the SBA guaranteed $783,199.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Days Inn Worldwide Inc.

Obtaining Funding - Friends and Family

Where to Get an SBA Loan in De Graff, Ohio

SBA Lenders in Ohio