Georgia Entrepreneur Secures Financing to Buy Days Inn Franchise

Borrowing money to invest in a Days Inn franchise? Colony Bank Southeast has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Douglas, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Colony Bank Southeast, based in Douglas, Georgia, issued an SBA franchise loan for a Days Inn franchise in 2000. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

JAY MAHARAJ, INC
DOUGLAS, GA 31533

SBA Loan Lender

COLONY BANK SOUTHEAST
625 W WARD ST
DOUGLAS, GA 31533

This lender issued this small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

10/25/2000

Loan Approval Gross Amount

$990,000

Loan Approval from the SBA

Of the total $990,000 loan amount, the SBA guaranteed $742,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to find business people willing to loan money, 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:

Days Inn Worldwide Inc.

Famous Venture Capitalists

SBA 7A Banks in Douglas, Georgia

Georgia SBA 7A Lenders