Banktennessee Provides SBA Loan to Buy Days Inn Franchise

Need a loan to invest in a Days Inn franchise? Banktennessee has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Gulfport, Mississippi needed money to invest in a Days Inn franchise back in 2000. Banktennessee issued an SBA franchise loan. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

DAYS INN MOTEL GULFPORT
GULFPORT, MS 39053

SBA Loan Lender

BANKTENNESSEE
5540 POPLAR AVE
MEMPHIS, TN 38119

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

Loan Approval Date

2/2/2000

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

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

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 13 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Banktennessee 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.

Related Links:

Days Inn Worldwide Inc.

Direct Public Offerings

SBA 7A Banks in Memphis, Tennessee

Tennessee SBA Bank Lenders