Community Trust Bank, Inc. Provides SBA Loan to Buy Holiday Inn Express Franchise

Need a loan to purchase a Holiday Inn Express franchise? Community Trust Bank, Inc. has a history of making these loans and they are guaranteed by the SBA.

Holiday Inn Express franchise loans are available to Ashland, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Trust Bank, Inc., based in Pikeville, Kentucky, issued an SBA franchise loan for a Holiday Inn Express franchise in 2006. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

HOLIDAY INN EXPRESS HOTEL & SU
ASHLAND, KY 41101

SBA Loan Lender

COMMUNITY TRUST BANK, INC.
346 N MAYO TRL
PIKEVILLE, KY 41501

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

3/22/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Holiday Inn Express franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help generate 23 new jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $200,000. How would you spend $200,000 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.

Related Links:

Holiday Inn Worldwide

Role of Business Plan When Raising Money

Small Business Banks in Pikeville, Kentucky

Getting an SBA Loan in Kentucky