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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Kerriville Econo Lodge Loan | ||||
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I Need a Small Business Loan to Buy a Franchise in Kerrville, Texas
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Loan to Buy Econo Lodge Motel Franchise Issued By Business Loan Center, LLCBorrowing money to buy an Econo Lodge Motel franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Kerrville, Texas needed money to invest in an Econo Lodge Motel franchise back in 2001. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower KERRIVILLE ECONO LODGE SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA 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 2/9/2001 Loan Approval Gross Amount $1,333,000 Loan Approval from the SBA Of the total $1,333,000 loan amount, the SBA guaranteed $999,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lodge Motel franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Loan Center, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Good Banks for Small Business in Richmond, Virginia
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