Borrow Money to Buy a Days Inn Franchise

Need money to buy a Days Inn franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Franklin, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Canton, Ohio, issued an SBA franchise loan for a Days Inn franchise in 2005. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

DAYS INN
FRANKLIN, NC 28734

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
220 MARKET AVE SOUTH, UNITED
CANTON, OH 44702

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

4/28/2005

Loan Approval Gross Amount

$1,311,000

Loan Approval from the SBA

Of the total $1,311,000 loan amount, the SBA guaranteed $983,250.

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 4 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Huntington National 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.

Related Links:

Days Inn Worldwide Inc.

Obtaining Funding - Getting Venture Capital

Best Banks for Small Business in Canton, Ohio

Ohio SBA 7A Lenders