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November 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Super 8 Motel Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Wachovia Sba Lending, Inc. Provides SBA Loan to Buy Super 8 Motel FranchiseBorrowing money to purchase a Super 8 Motel franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Huntsville, Texas needed money to invest in a Super 8 Motel franchise back in 2001. Wachovia Sba Lending, Inc. issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower SUPER 8 MOTEL SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 6/8/2001 Loan Approval Gross Amount $1,905,000 Loan Approval from the SBA Of the total $1,905,000 loan amount, the SBA guaranteed $1,179,766. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 11 new jobs and retain 11 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wachovia Sba Lending, Inc. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - How to Decide How Much to Raise Small Business Banks in Roseville, California
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