Beach First National Bank Provides SBA Loan to Buy Quality Inn Franchise

Borrowing money to purchase a Quality Inn franchise? Beach First National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Quality Inn franchise? If so, here's a 2005 SBA franchise loan that you should know about. Beach First National Bank was the lender and the entrepreneur was based in Hardeeville, South Carolina.

SBA Loan Borrower

QUALITY INN
HARDEEVILLE, SC 29927

SBA Loan Lender

BEACH FIRST NATIONAL BANK
1000 WILLIAM HILTON PKWY, STE
HILTON HEAD ISLAND, SC 29928

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 bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

6/13/2005

Loan Approval Gross Amount

$1,952,504

Loan Approval from the SBA

Of the total $1,952,504 loan amount, the SBA guaranteed $1,464,378.

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 only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Beach First National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Best Hilton Head Island, South Carolina Banks for Small Business

Getting an SBA Loan in South Carolina