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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Super 8 Bakersfield Loan | ||||
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Requirements for Financing a Franchise
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Bakersfield, CA Entrepreneur Gets SBA Loan to Buy Super 8 Motel FranchiseNeed a loan to invest in a Super 8 Motel franchise? Excel National Bank has a history of making these loans and they are guaranteed by the SBA. Super 8 Motel franchise loans are available to Bakersfield, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Excel National Bank, based in Beverly Hills, California, issued an SBA franchise loan for a Super 8 Motel franchise in 2007. We've got all the details on this California small business loan. SBA Loan Borrower SUPER 8 BAKERSFIELD SBA Loan Lender EXCEL NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 1/17/2007 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Best Banks for Small Business in Beverly Hills, California
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