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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Hampton Inn Loan | ||||
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Jacksonville, Florida Bank Loan
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Jacksonville, FL Entrepreneur Gets SBA Loan to Buy Hampton Inns FranchiseBorrowing money to purchase a Hampton Inns franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Hampton Inns franchise may simply require a phone call to a local SBA banker. In 2003, Temecula Valley Bank issued an SBA franchise loan to an entrepreneur in Jacksonville, Florida. Because Hampton Inns was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis. SBA Loan Borrower HAMPTON INN SBA Loan Lender TEMECULA VALLEY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/16/2003 Loan Approval Gross Amount $1,333,300 Loan Approval from the SBA Of the total $1,333,300 loan amount, the SBA guaranteed $999,975. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hampton Inns franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Temecula Valley Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Temecula Valley Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Hampton Inn/Hampton Inn & Suites Obtaining Funding From a Venture Capitalist Small Business Banks in Temecula, California
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