Borrow Money to Buy a Travelodge Franchise

Borrowing money to invest in a Travelodge franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.

Travelodge franchise loans are available to Augusta, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Loan Center, LLC, based in Richmond, Virginia, issued an SBA franchise loan for a Travelodge franchise in 2000. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

TRAVELODGE AUGUSTA
AUGUSTA, GA 30901

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
3900 WESTERRE PARKWAY, SUITE
RICHMOND, VA 23233

This lender provides SBA small business loans 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

Loan Approval Date

3/24/2000

Loan Approval Gross Amount

$890,000

Loan Approval from the SBA

Of the total $890,000 loan amount, the SBA guaranteed $667,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Travelodge franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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.

Related Links:

Travelodge Hotels, Inc.

Obtaining Funding - How to Decide How Much to Raise

SBA Approved Banks in Richmond, Virginia

SBA Lenders in Virginia