Arlington, TX Entrepreneur Gets SBA Loan to Buy Days Inn Franchise

Need money to buy a Days Inn franchise? Amer Business Lending Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Arlington, Texas needed money to invest in a Days Inn franchise back in 2000. Amer Business Lending Inc. issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

DAYS INN ARLINGTON
ARLINGTON, TX 76015

SBA Loan Lender

AMER BUSINESS LENDING INC.
1420 W. MOCKINGBIRD LANE, SUI
DALLAS, TX 75247

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.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

8/10/2000

Loan Approval Gross Amount

$1,532,500

Loan Approval from the SBA

Of the total $1,532,500 loan amount, the SBA guaranteed $749,990.

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. This SBA loan request indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Amer Business Lending Inc. 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:

Days Inn Worldwide Inc.

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SBA Participating Banks in Texas