Borrow Money to Buy a Days Inn Franchise

Borrowing money to purchase a Days Inn franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Eau Claire, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Stearns Bank, based in Saint Cloud, Minnesota, issued an SBA franchise loan for a Days Inn franchise in 2004. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

DAYS INN OF EAU CLAIRE
EAU CLAIRE, WI 54703

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

12/23/2004

Loan Approval Gross Amount

$1,516,000

Loan Approval from the SBA

Of the total $1,516,000 loan amount, the SBA guaranteed $1,137,000.

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 15 employees. This SBA loan request indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

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:

Days Inn Worldwide Inc.

Equity Financing

Who Lends Money to Small Businesses in Saint Cloud, Minnesota

SBA Lenders in Minnesota