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November 14, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Quality Inn Gunnison Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Gunnison, CO Entrepreneur Gets SBA Loan to Buy Choice Hotels International Inc. FranchiseBorrowing money to invest in a Choice Hotels International Inc. franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Choice Hotels International Inc. franchise is doable. In 2005, Business Loan Center, LLC issued an SBA franchise loan to an entrepreneur in Gunnison, Colorado. Because Choice Hotels International Inc. was registered with the SBA's registry of franchises, this Colorado small business loan was issued on an expedited basis. SBA Loan Borrower QUALITY INN GUNNISON SBA Loan Lender BUSINESS LOAN CENTER, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 3/7/2005 Loan Approval Gross Amount $1,733,900 Loan Approval from the SBA Of the total $1,733,900 loan amount, the SBA guaranteed $1,300,425. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Choice Hotels International, Inc. Who Lends Money to Small Businesses in New York, New York
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