Borrow Money to Buy a Hampton Inns Franchise

Need money to buy a Hampton Inns franchise? United Midwest Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Hampton Inns franchise loans are available to Jeffersonville, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Midwest Savings Bank, based in De Graff, Ohio, issued an SBA franchise loan for a Hampton Inns franchise in 2002. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

HAMPTON INN
JEFFERSONVILLE, OH 43128

SBA Loan Lender

UNITED MIDWEST SAVINGS BANK
101 S MAIN ST
DE GRAFF, OH 43318

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

4/15/2002

Loan Approval Gross Amount

$1,300,000

Loan Approval from the SBA

Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hampton Inns franchise. At the time of the loan, the company had 11 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like United Midwest Savings Bank and they will explain how you can get an SBA loan for your company.

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

Good Banks for Small Business in De Graff, Ohio

SBA Ohio Lenders