Bozeman, MT Entrepreneur Gets SBA Loan to Buy Ramada Inn Franchise

Need a loan to invest in a Ramada Inn franchise? First Interstate Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Bozeman, Montana needed money to invest in a Ramada Inn franchise back in 2003. First Interstate Bank issued an SBA franchise loan. Here are the details on this Montana small business loan.

SBA Loan Borrower

RAMADA LTD MOTEL
BOZEMAN, MT 59715

SBA Loan Lender

FIRST INTERSTATE BANK
101 E FRONT
MISSOULA, MT 59802

This business loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

8/28/2003

Loan Approval Gross Amount

$851,000

Loan Approval from the SBA

Of the total $851,000 loan amount, the SBA guaranteed $638,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ramada Inn franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must 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.

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