Loan to Buy Comfort Inn Franchise Issued By Silver State Bank

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

Want to borrow money to buy a Comfort Inn franchise? If so, here's a 2005 SBA franchise loan that you should know about. Silver State Bank was the lender and the entrepreneur was based in Fallon, Nevada.

SBA Loan Borrower

COMFORT INN
FALLON, NV 89406

SBA Loan Lender

SILVER STATE BANK
170 S GREEN VALLEY PKWY
HENDERSON, NV 89012

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

8/5/2005

Loan Approval Gross Amount

$369,600

Loan Approval from the SBA

Of the total $369,600 loan amount, the SBA guaranteed $277,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Comfort Inn franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Silver State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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