Kansas Entrepreneur Secures Financing to Buy Scottish Inns Franchise

Need a loan to buy a Scottish Inns franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Arkansas City, Kansas needed money to invest in a Scottish Inns franchise back in 2000. Washington Mutual Bank issued an SBA franchise loan. Here are the details on this Kansas small business loan.

SBA Loan Borrower

SCOTTISH INN
ARKANSAS CITY, KS 67005

SBA Loan Lender

WASHINGTON MUTUAL BANK
3200 SOUTHWEST FRWY #950
HOUSTON, TX 77027

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

Loan Approval Date

2/24/2000

Loan Approval Gross Amount

$924,000

Loan Approval from the SBA

Of the total $924,000 loan amount, the SBA guaranteed $693,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Scottish Inns franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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.

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