Unity Bank Provides SBA Loan to Buy Days Inn Franchise
Need a loan to invest in a Days Inn franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Alliance, Nebraska needed money to invest in a Days Inn franchise back in 2006. Unity Bank issued an SBA franchise loan. Here are the details on this Nebraska small business loan.
SBA Loan Borrower
1ST HOSPITALITY LLC D/B/A DAYS INN
Alliance, NE 69301
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
721110 - Hotels and Motels
Loan Approval Date
9/26/2006
Loan Approval Gross Amount
$1,488,000
Loan Approval from the SBA
Of the total $1,488,000 loan amount, the SBA guaranteed $1,116,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company
had 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.
Next Steps for Getting an SBA Loan
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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.
Obtaining Funding - Getting Venture Capital
Best Clinton, New Jersey Banks for Small Business
SBA Lenders in New Jersey