Dallas, TX Entrepreneur Gets SBA Loan to Buy Baymont Inns & Suites Franchise

Need a loan to buy a Baymont Inns & Suites franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Baymont Inns & Suites franchise may simply require a phone call to a local SBA banker. In 2006, United Central Bank issued an SBA franchise loan to an entrepreneur in Dallas, Texas. Because Baymont Inns & Suites was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

PAPPINO HOSPITALITY LTD
DALLAS, TX 75220

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

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

7/10/2006

Loan Approval Gross Amount

$109,300

Loan Approval from the SBA

Of the total $109,300 loan amount, the SBA guaranteed $92,905.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Baymont Inns & Suites franchise. At the time of the loan, the company had 15 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 17 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $109,300 loan. Remember, fight for what you want, and it will be yours!

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.

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