Mid-Missouri Bank Provides SBA Loan to Buy Super 8 Motel Franchise

Need a loan to buy a Super 8 Motel franchise? Mid-Missouri Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Joplin, Missouri needed money to invest in a Super 8 Motel franchise back in 2006. Mid-Missouri Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

SUPER 8 MOTEL
JOPLIN, MO 64804

SBA Loan Lender

MID-MISSOURI BANK
330 W PLAINVIEW, STE K
SPRINGFIELD, MO 65810

This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

11/8/2006

Loan Approval Gross Amount

$410,000

Loan Approval from the SBA

Of the total $410,000 loan amount, the SBA guaranteed $307,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Super 8 Motels, Inc.

Obtaining Funding - How to Borrow Money

Best Springfield, Missouri Banks for Small Business

Missouri SBA 7A Lenders