Kalamazoo, MI Entrepreneur Gets SBA Loan to Buy Quality Inn Franchise
Borrowing money to buy a Quality Inn franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.
Quality Inn franchise loans are available to Kalamazoo, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Loan Center, LLC, based in Richmond, Virginia, issued an SBA franchise loan for a Quality Inn franchise in 2003. We've got all the details on this Michigan small business loan.
SBA Loan Borrower
QUALITY INN
KALAMAZOO, MI 49001
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
3900 WESTERRE PARKWAY, SUITE
RICHMOND, VA 23233
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
721110 - Hotels and Motels
Loan Approval Date
3/13/2003
Loan Approval Gross Amount
$1,325,000
Loan Approval from the SBA
Of the total $1,325,000 loan amount, the SBA guaranteed $899,993.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Quality Inn franchise. At the time of the loan, the company
had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.
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Many small businesses receive loans backed by the U.S. Small Business Administration.
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.
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