Mission Oaks National Bank Provides SBA Loan to Buy Super 8 Motel Franchise

Need money to purchase a Super 8 Motel franchise? Mission Oaks National Bank has a history of making these loans and they are guaranteed by the SBA.

Super 8 Motel franchise loans are available to Cottonwood, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mission Oaks National Bank, based in Temecula, California, issued an SBA franchise loan for a Super 8 Motel franchise in 2004. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

SUPER 8 COTTONWOOD
COTTONWOOD, AZ 86326

SBA Loan Lender

MISSION OAKS NATIONAL BANK
41530 ENTERPRISE CIR, STE 100
TEMECULA, CA 92590

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

6/9/2004

Loan Approval Gross Amount

$1,665,000

Loan Approval from the SBA

Of the total $1,665,000 loan amount, the SBA guaranteed $1,248,750.

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 12 employees. The loan application indicated that the loan would help retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Cottonwood AZ, you ought to talk with a local Cottonwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cottonwood businesses.

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:

Super 8 Motels, Inc.

Business Cash Advances

Good Banks for Small Business in Temecula, California

SBA Lenders in California