Borrow Money to Buy a Country Hearth Inn Franchise
Borrowing money to purchase a Country Hearth Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Country Hearth Inn franchise? If so, here's a 2001 SBA franchise loan that you should know about. Business Loan Center, LLC was the lender and the entrepreneur was based in Angleton, Texas.
SBA Loan Borrower
COUNTRY HEARTH INN-ANGLETON
ANGLETON, TX 77515
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7011 - Hotels and Motels
NAICS Code
721110 - Hotels and Motels
Loan Approval Date
3/6/2001
Loan Approval Gross Amount
$920,000
Loan Approval from the SBA
Of the total $920,000 loan amount, the SBA guaranteed $690,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Country Hearth Inn franchise. At the time of the loan, the company
had 13 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
This SBA loan was for $920,000. How would you spend $920,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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.
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