Small Business Loan Source LLC Provides SBA Loan to Buy Amerihost Inn Franchise

Need money to invest in an Amerihost Inn franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA.

If you live near Boone, Iowa and are interested in buying an Amerihost Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Small Business Loan Source LLC. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AMERIHOST INN & SUITES
BOONE, IA 50036

SBA Loan Lender

SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056

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

3/28/2005

Loan Approval Gross Amount

$1,640,000

Loan Approval from the SBA

Of the total $1,640,000 loan amount, the SBA guaranteed $1,230,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Amerihost Inn franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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