Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Yulee, Florida Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Yulee, FL Entrepreneur Gets SBA Loan to Buy Holiday Inn Express Franchise

Borrowing money to buy a Holiday Inn Express franchise? Capitalsouth Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Yulee, Florida and are interested in buying a Holiday Inn Express franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Capitalsouth Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

HOLIDAY INN EXPRESS
YULEE, FL 32097

SBA Loan Lender

CAPITALSOUTH BANK
3288 S THIRD ST
JACKSONVILLE BEACH, FL 32250

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

2/21/2002

Loan Approval Gross Amount

$1,450,000

Loan Approval from the SBA

Of the total $1,450,000 loan amount, the SBA guaranteed $999,992.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Holiday Inn Express franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Holiday Inn Worldwide

Bank Credit Lines

SBA Banks in Jacksonville Beach, Florida

SBA Florida Banks