Colorado Springs, CO Entrepreneur Gets SBA Loan to Buy Super 8 Motel Franchise

Borrowing money to invest in a Super 8 Motel franchise? Premier Bank has a history of making these loans and they are guaranteed by the SBA.

Super 8 Motel franchise loans are available to Colorado Springs, Colorado entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Premier Bank, based in Denver, Colorado, issued an SBA franchise loan for a Super 8 Motel franchise in 2004. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

SUPER 8 MOTEL AIRPORT
COLORADO SPRINGS, CO 80916

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

10/14/2004

Loan Approval Gross Amount

$1,423,000

Loan Approval from the SBA

Of the total $1,423,000 loan amount, the SBA guaranteed $999,999.

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. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Colorado Springs CO, you ought to talk with a local Colorado Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Colorado Springs businesses.

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

Super 8 Motels, Inc.

Small Business Loan

Best Banks in Denver, Colorado

Where to Get an SBA Loan Colorado