Loan to Buy America's Best Value Inn Franchise Issued By Mission Oaks National Bank

Need a loan to purchase an America's Best Value Inn franchise? Mission Oaks National Bank has a history of making these loans and they are guaranteed by the SBA.

America's Best Value Inn franchise loans are available to Breckenridge, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mission Oaks National Bank, based in Temecula, California, issued an SBA franchise loan for an America's Best Value Inn franchise in 2006. We've got all the details on this Texas small business loan.

SBA Loan Borrower

AMERICA'S BEST VALUE INN BRECK
BRECKENRIDGE, TX 76424

SBA Loan Lender

MISSION OAKS NATIONAL BANK
41530 ENTERPRISE CIR, STE 100
TEMECULA, CA 92590

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

11/8/2006

Loan Approval Gross Amount

$825,000

Loan Approval from the SBA

Of the total $825,000 loan amount, the SBA guaranteed $618,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an America's Best Value Inn franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help create 3 new jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Breckenridge TX, you ought to talk with a local Breckenridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Breckenridge businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Mission Oaks National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Startup Funding Tip

SBA Participating Banks in Temecula, California

Where to Get an SBA Loan California