Borrow Money to Buy a Country Hearth Inn Franchise

Need money to purchase a Country Hearth Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.

If you live near Charlotte, North Carolina and are interested in buying a Country Hearth Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Business Loan Center, LLC. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

COUNTRY HEARTH INN
CHARLOTTE, NC 28262

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
700 NORTH PEARL STREET, SUITE
DALLAS, TX 75201

This debt financing 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.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

8/31/2006

Loan Approval Gross Amount

$1,241,000

Loan Approval from the SBA

Of the total $1,241,000 loan amount, the SBA guaranteed $585,007.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Country Hearth Inn franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Business Loan Center, LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Business Loan Center, LLC made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Country Hearth Inn

Small Business Loan

Banks in Dallas, Texas

SBA Lenders in Texas