Loan to Buy Days Inn Franchise Issued By Loan Depot Lending Company In

Borrowing money to buy a Days Inn franchise? Loan Depot Lending Company In has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Days Inn franchise requires some effort but others before you have been successful. In 2005, Loan Depot Lending Company In issued an SBA franchise loan to an entrepreneur in Biscoe, North Carolina. Because Days Inn was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

DAYS INN
BISCOE, NC 27209

SBA Loan Lender

LOAN DEPOT LENDING COMPANY IN
1608 HERITAGE BUSINESS COURT,
CHATTANOOGA, TN 37421

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.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

1/21/2005

Loan Approval Gross Amount

$883,000

Loan Approval from the SBA

Of the total $883,000 loan amount, the SBA guaranteed $662,250.

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 6 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Loan Depot Lending Company In 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.

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