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November 15, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Denver, Business Loans > United Western Bank Denver Business Loans > Super 8 Motel Of Florence Loan | ||||
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Florence, Kentucky Bank Loan
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Kentucky Entrepreneur Secures Financing to Buy Super 8 Motel FranchiseNeed money to invest in a Super 8 Motel franchise? United Western Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Florence, Kentucky needed money to invest in a Super 8 Motel franchise back in 2004. United Western Bank issued an SBA franchise loan. Here are the details on this Kentucky small business loan. SBA Loan Borrower SUPER 8 MOTEL OF FLORENCE SBA Loan Lender UNITED WESTERN BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 1/15/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 13 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like United Western Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Denver, Colorado Banks for Small Business SBA Participating Banks in Colorado
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