Florida Entrepreneur Secures Financing to Buy Howard Johnson Franchise

Need a loan to purchase a Howard Johnson franchise? First Commun Bank - S.W. Florida has a history of making these loans and they are guaranteed by the SBA.

If you live near Clermont, Florida and are interested in buying a Howard Johnson franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by First Commun Bank - S.W. Florida. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

HOWARD JOHNSON CLERMONT
CLERMONT, FL 34711

SBA Loan Lender

FIRST COMMUN BANK - S.W. FLORIDA
1565 RED CEDAR DR
FORT MYERS, FL 33907

This loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/25/2005

Loan Approval Gross Amount

$1,850,000

Loan Approval from the SBA

Of the total $1,850,000 loan amount, the SBA guaranteed $1,387,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Howard Johnson franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Commun Bank - S.W. Florida had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Commun Bank - S.W. Florida 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:

Howard Johnson International, Inc.

Howard Johnson Franchise Canada Inc.

Small Business Loan

SBA Approved Banks in Fort Myers, Florida

SBA Lenders in Florida