Business Loan Center, LLC Provides SBA Loan to Buy Days Inn Franchise

Borrowing money to invest in a Days Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Abilene, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Loan Center, LLC, based in New York, New York, issued an SBA franchise loan for a Days Inn franchise in 2005. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

DAYS INN ABILENE'S PRIDE
ABILENE, KS 67410

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

This lender provides SBA small business loans 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

9/16/2005

Loan Approval Gross Amount

$1,342,000

Loan Approval from the SBA

Of the total $1,342,000 loan amount, the SBA guaranteed $1,006,500.

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 7 employees. The SBA loan documents indicated that the loan would help generate 13 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

Business Line of Credit

Good Banks for Small Business in New York, New York

Where to Get an SBA Loan New York