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November 21, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Cookeville, Business Loans > First Tennessee Bank Cookeville Business Loans > Super 8 Motel Loan | ||||
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Raising Money in Crossville, Tennessee With SBA Loans
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Crossville, TN Entrepreneur Gets SBA Loan to Buy Super 8 Motel FranchiseNeed a loan to invest in a Super 8 Motel franchise? First Tennessee Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Super 8 Motel franchise? If so, here's a 2001 SBA franchise loan that you should know about. First Tennessee Bank was the lender and the entrepreneur was based in Crossville, Tennessee. SBA Loan Borrower SUPER 8 MOTEL SBA Loan Lender FIRST TENNESSEE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. 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 8/6/2001 Loan Approval Gross Amount $1,600,000 Loan Approval from the SBA Of the total $1,600,000 loan amount, the SBA guaranteed $1,000,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Banks for Cookeville, Tennessee Loans
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