Pennsylvania Entrepreneur Secures Financing to Buy Travelodge Franchise

Need money to purchase a Travelodge franchise? Enterprise Bank has a history of making these loans and they are guaranteed by the SBA.

Travelodge franchise loans are available to Coraopolis, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Enterprise Bank, based in Allison Park, Pennsylvania, issued an SBA franchise loan for a Travelodge franchise in 2007. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

GLASS TOWER MOTEL
CORAOPOLIS, PA 15108

SBA Loan Lender

ENTERPRISE BANK
4091 MOUNT ROYAL BLVD
ALLISON PARK, PA 15101

This business loan 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

2/9/2007

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Travelodge franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Enterprise Bank and they will explain how you can get an SBA loan for your company.

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:

Travelodge Hotels, Inc.

Dealing With Venture Capitalists

Small Business Banks in Allison Park, Pennsylvania

Pennsylvania SBA 7A Banks