South Carolina Entrepreneur Secures Financing to Buy Quality Inn Franchise

Borrowing money to invest in a Quality Inn franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

Quality Inn franchise loans are available to Goose Creek, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Temecula Valley Bank, based in Temecula, California, issued an SBA franchise loan for a Quality Inn franchise in 2004. We've got all the details on this South Carolina small business loan.

SBA Loan Borrower

QUALITY INN
GOOSE CREEK, SC 29445

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

4/27/2004

Loan Approval Gross Amount

$1,835,700

Loan Approval from the SBA

Of the total $1,835,700 loan amount, the SBA guaranteed $1,376,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Quality Inn franchise. At the time of the loan, the company had 18 employees. This SBA loan request indicated that the loan would help retain 16 existing jobs.

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 SBA loan was for $1,835,700. How would you spend $1,835,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Quality Inn

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SBA Approved Banks in Temecula, California

California SBA 7A Lenders