Clinton, NC Entrepreneur Gets SBA Loan to Buy Days Inn Franchise

Borrowing money to invest in a Days Inn franchise? Excel National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Clinton, North Carolina and are interested in buying a Days Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Excel National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DAYS INN
CLINTON, NC 28328

SBA Loan Lender

EXCEL NATIONAL BANK
9701 WILSHIRE BLVD
BEVERLY HILLS, CA 90212

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

11/16/2007

Loan Approval Gross Amount

$1,445,000

Loan Approval from the SBA

Of the total $1,445,000 loan amount, the SBA guaranteed $1,083,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Days Inn Worldwide Inc.

Role of Business Plan When Raising Money

SBA 7A Banks in Beverly Hills, California

Getting an SBA Loan in California