Bridgeport, WV Entrepreneur Gets SBA Loan to Buy Knights Inn Franchise

Need money to invest in a Knights Inn franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Knights Inn franchise loans are available to Bridgeport, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Columbus, Ohio, issued an SBA franchise loan for a Knights Inn franchise in 2003. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

KNIGHTS INN
BRIDGEPORT, WV 26330

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
66 S THIRD ST
COLUMBUS, OH 43215

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

3/11/2003

Loan Approval Gross Amount

$1,333,000

Loan Approval from the SBA

Of the total $1,333,000 loan amount, the SBA guaranteed $999,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Knights Inn franchise. At the time of the loan, the company had 20 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Bridgeport WV, you ought to talk with a local Bridgeport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bridgeport businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Knights Inn

Knights Inn Franchise Canada Inc.

Business Cash Advances

SBA 7A Banks for Columbus, Ohio Loans

Getting an SBA Loan in Ohio