Houston, TX Entrepreneur Gets SBA Loan to Buy Passport Inn & Suites Franchise

Borrowing money to buy a Passport Inn & Suites franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Passport Inn & Suites franchise may simply require a phone call to a local SBA banker. In 2005, Community So. Bank D.B.A Commun issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Passport Inn & Suites was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

PASSPORT INN & SUITES
HOUSTON, TX 77017

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

7/12/2005

Loan Approval Gross Amount

$1,264,000

Loan Approval from the SBA

Of the total $1,264,000 loan amount, the SBA guaranteed $948,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Passport Inn & Suites franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Community So. Bank D.B.A Commun 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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Tennessee SBA Banks