Loan to Buy America's Best Value Inn Franchise Issued By United Central Bank

Need money to invest in an America's Best Value Inn franchise? United Central 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 Brownsville, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Central Bank, based in Garland, Texas, issued an SBA franchise loan for an America's Best Value Inn franchise in 2007. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

AMERICAS BEST VALUE INN
BROWNSVILLE, TN 38012

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

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

7/30/2007

Loan Approval Gross Amount

$1,062,000

Loan Approval from the SBA

Of the total $1,062,000 loan amount, the SBA guaranteed $796,500.

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 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,062,000 loan. Remember, feel the fear, and do it anyway.

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:

The Art of Bootstrapping

Good Banks for Small Business in Garland, Texas

SBA Lenders in Texas