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November 15, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > La Mesa, Business Loans > Borrego Springs Bank La Mesa Business Loans > Knights Inn Loan | ||||
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Good Banks for Ashland Small Business Owners
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Borrow Money to Buy a Knights Inn FranchiseBorrowing money to purchase a Knights Inn franchise? Borrego Springs Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Knights Inn franchise? If so, here's a 2001 SBA franchise loan that you should know about. Borrego Springs Bank was the lender and the entrepreneur was based in Ashland, Kentucky. SBA Loan Borrower KNIGHTS INN SBA Loan Lender BORREGO SPRINGS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business 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 NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/22/2001 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Knights Inn franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Borrego Springs Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Knights Inn Franchise Canada Inc. Realistic Debt Financing Options SBA Approved Banks in La Mesa, California
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