Loan to Buy Motel 6 Franchise Issued By Haven Trust Bank

Borrowing money to invest in a Motel 6 franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Motel 6 franchise requires some effort but others before you have been successful. In 2007, Haven Trust Bank issued an SBA franchise loan to an entrepreneur in Horseheads, New York. Because Motel 6 was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

MOTEL 6
HORSEHEADS, NY 14845

SBA Loan Lender

HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

3/23/2007

Loan Approval Gross Amount

$1,487,500

Loan Approval from the SBA

Of the total $1,487,500 loan amount, the SBA guaranteed $1,115,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Motel 6 franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Horseheads NY, you ought to talk with a local Horseheads SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Horseheads businesses.

This SBA loan was for $1,487,500. How would you spend $1,487,500 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:

Motel 6 Operating L.P.

Equity Financing

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Georgia SBA Bank Lenders