Farmers Bank Lynchburg Tennesse Provides SBA Loan to Buy Holiday Inn Express Franchise

Borrowing money to buy a Holiday Inn Express franchise? Farmers Bank Lynchburg Tennesse has a history of making these loans and they are guaranteed by the SBA.

Holiday Inn Express franchise loans are available to Goodlettsville, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Farmers Bank Lynchburg Tennesse, based in Lynchburg, Tennessee, issued an SBA franchise loan for a Holiday Inn Express franchise in 2003. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

HOLIDAY INN EXPRESS
GOODLETTSVILLE, TN 37072

SBA Loan Lender

FARMERS BANK LYNCHBURG TENNESSE
71 MECHANIC ST SOUTH
LYNCHBURG, TN 37352

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

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

3/27/2003

Loan Approval Gross Amount

$1,145,000

Loan Approval from the SBA

Of the total $1,145,000 loan amount, the SBA guaranteed $858,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Holiday Inn Express franchise. At the time of the loan, the company had 13 employees. The SBA loan documents did not indicate that the company promised 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?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Holiday Inn Worldwide

Business Incubators

Where to Get an SBA Loan in Lynchburg, Tennessee

Tennessee SBA 7A Lenders