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April 29, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Clarion Hotel Of Wickliffe Oh Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Ohio Entrepreneur Secures Financing to Buy Clarion Inn & Suites FranchiseNeed a loan to purchase a Clarion Inn & Suites franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Wickliffe, Ohio needed money to invest in a Clarion Inn & Suites franchise back in 2004. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower CLARION HOTEL OF WICKLIFFE OH SBA Loan Lender BUSINESS LOAN CENTER, LLC This commercial loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 8/27/2004 Loan Approval Gross Amount $1,190,000 Loan Approval from the SBA Of the total $1,190,000 loan amount, the SBA guaranteed $892,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Clarion Inn & Suites franchise. At the time of the loan, the company had 21 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Business Loan Center, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Clarion Inns, Hotels, Suites, Resorts Advice on Getting a Small Business Loan SBA 7A Lenders in New York, New York SBA Participating Banks in New York
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