Independence, KS Entrepreneur Gets SBA Loan to Buy Best Western Inn Franchise

Borrowing money to buy a Best Western Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Best Western Inn franchise? If so, here's a 2002 SBA franchise loan that you should know about. Business Loan Center, LLC was the lender and the entrepreneur was based in Independence, Kansas.

SBA Loan Borrower

BEST WESTERN PRAIRIE INN
INDEPENDENCE, KS 67301

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/26/2002

Loan Approval Gross Amount

$622,000

Loan Approval from the SBA

Of the total $622,000 loan amount, the SBA guaranteed $466,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Best Western Inn franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Independence KS, you ought to talk with a local Independence SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Independence businesses.

We can help you find the best banks for small businesses in Independence or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Best Western Inn

Advice on Getting a Small Business Loan

Small Bank Loans in New York, New York

New York SBA 7A Lenders