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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Comfort Inn West Loan | ||||
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Best Banks for Fort Worth Franchisees
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Business Loan Center, LLC Provides SBA Loan to Buy Choice Hotels International Inc. FranchiseNeed a loan to purchase a Choice Hotels International Inc. franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Choice Hotels International Inc. franchise? If so, here's a 2002 SBA franchise loan that you should know about. Business Loan Center, LLC was the lender and the entrepreneur was based in Fort Worth, Texas. SBA Loan Borrower COMFORT INN WEST SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA guaranteed business loans 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 5/10/2002 Loan Approval Gross Amount $1,660,000 Loan Approval from the SBA Of the total $1,660,000 loan amount, the SBA guaranteed $999,984. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Choice Hotels International, Inc. Role of Business Plan When Raising Money Find an SBA Lender in New York, New York
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