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November 14, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Denver, Business Loans > Premier Bank Denver Business Loans > Ramada Inn Loan | ||||
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Tips for Financing a Franchise
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Colorado Springs, CO Entrepreneur Gets SBA Loan to Buy Payrite Pharmacy FranchiseNeed a loan to invest in a Payrite Pharmacy franchise? Premier Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Colorado Springs, Colorado needed money to invest in a Payrite Pharmacy franchise back in 2002. Premier Bank issued an SBA franchise loan. Here are the details on this Colorado small business loan. SBA Loan Borrower RAMADA INN SBA Loan Lender PREMIER BANK 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 8/30/2002 Loan Approval Gross Amount $1,300,000 Loan Approval from the SBA Of the total $1,300,000 loan amount, the SBA guaranteed $975,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Payrite Pharmacy franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the funding would help generate 12 new jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Colorado Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Lenders in Denver, Colorado
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