Borrow Money to Buy a Howard Johnson Franchise

Borrowing money to buy a Howard Johnson franchise? First National Bank N.W. Florida has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Howard Johnson franchise? If so, here's a 2005 SBA franchise loan that you should know about. First National Bank N.W. Florida was the lender and the entrepreneur was based in Jacksonville, Florida.

SBA Loan Borrower

HOWARD JOHNSON
JACKSONVILLE, FL 32246

SBA Loan Lender

FIRST NATIONAL BANK N.W. FLORIDA
101 E 23RD ST
PANAMA CITY, FL 32405

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This 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

11/22/2005

Loan Approval Gross Amount

$1,853,000

Loan Approval from the SBA

Of the total $1,853,000 loan amount, the SBA guaranteed $1,389,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Howard Johnson franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Howard Johnson International, Inc.

Howard Johnson Franchise Canada Inc.

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Where to Get an SBA Loan in Panama City, Florida

Florida SBA 7A Lenders