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November 24, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Los Angeles, Business Loans > Pacific City Bank Los Angeles Business Loans > Jems Burgeon Management, Inc. Loan | ||||
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Raising Money in Benson, Arizona With SBA Loans
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Pacific City Bank Provides SBA Loan to Buy Super 8 Motel FranchiseNeed a loan to invest in a Super 8 Motel franchise? Pacific City Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Benson, Arizona needed money to invest in a Super 8 Motel franchise back in 2007. Pacific City Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower JEMS BURGEON MANAGEMENT, INC. SBA Loan Lender PACIFIC CITY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 1/26/2007 Loan Approval Gross Amount $1,592,000 Loan Approval from the SBA Of the total $1,592,000 loan amount, the SBA guaranteed $1,194,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Where to Get an SBA Loan in Los Angeles, California SBA Participating Banks in California
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