Corning, CA Entrepreneur Gets SBA Loan to Buy Days Inn Franchise

Need money to purchase a Days Inn franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Corning, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of The West, based in Truckee, California, issued an SBA franchise loan for a Days Inn franchise in 2000. We've got all the details on this California small business loan.

SBA Loan Borrower

DAYS INN
CORNING, CA 96021

SBA Loan Lender

BANK OF THE WEST
10181 TRUCKEE TAHOE AIRPORT R
TRUCKEE, CA 96161

At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program is designed to ensure expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

10/24/2000

Loan Approval Gross Amount

$653,400

Loan Approval from the SBA

Of the total $653,400 loan amount, the SBA guaranteed $490,050.

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 13 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours 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.

Business Credit Evaluation

Best Truckee, California Banks for Small Business

SBA Lenders in California