Borrow Money to Buy a Best Western Inn Franchise

Borrowing money to purchase a Best Western Inn franchise? Borrego Springs Bank has a history of making these loans and they are guaranteed by the SBA.

Best Western Inn franchise loans are available to Fort Collins, Colorado entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Borrego Springs Bank, based in Borrego Springs, California, issued an SBA franchise loan for a Best Western Inn franchise in 2000. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

BEST WESTERN UNIVERSITY INN
FORT COLLINS, CO 80524

SBA Loan Lender

BORREGO SPRINGS BANK
587 PALM CANYON DR, STE 101
BORREGO SPRINGS, CA 92004

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners.

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

10/6/2000

Loan Approval Gross Amount

$645,000

Loan Approval from the SBA

Of the total $645,000 loan amount, the SBA guaranteed $368,940.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Best Western Inn franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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 Western Inn

Small Business Loan

Best Banks for Small Business in Borrego Springs, California

Getting an SBA Loan in California