New York Entrepreneur Secures Financing to Buy Days Inn Franchise

Borrowing money to buy a Days Inn franchise? Isn Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Days Inn franchise shouldn't be too tough. In 2004, Isn Bank issued an SBA franchise loan to an entrepreneur in Fredonia, New York. Because Days Inn was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

DAYS INN
FREDONIA, NY 14063

SBA Loan Lender

ISN BANK
457 HADDONFIELD RD, LIBERTYVI
CHERRY HILL, NJ 08002

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

8/31/2004

Loan Approval Gross Amount

$1,875,000

Loan Approval from the SBA

Of the total $1,875,000 loan amount, the SBA guaranteed $1,406,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 14 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Isn Bank and they will explain how you can get an SBA loan for your company.

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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