Bardstown, KY Entrepreneur Gets SBA Loan to Buy Days Inn Franchise

Need a loan to invest in a Days Inn franchise? Town & Country Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Bardstown, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Town & Country Bank & Trust, based in Bardstown, Kentucky, issued an SBA franchise loan for a Days Inn franchise in 2004. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

DAYS INN OF BARDSTOWN
BARDSTOWN, KY 40004

SBA Loan Lender

TOWN & COUNTRY BANK & TRUST
201 N 3RD ST
BARDSTOWN, KY 40004

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA 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

2/25/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 30 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Town & Country Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

Business Cash Advances

Small Business Banks in Bardstown, Kentucky

SBA Kentucky Lenders