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December 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Super 8 Motel - Kountze Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Business Loan Center, LLC Provides SBA Loan to Buy Super 8 Motel FranchiseBorrowing money to buy a Super 8 Motel franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Super 8 Motel franchise may simply require a phone call to a local SBA banker. In 2001, Business Loan Center, LLC issued an SBA franchise loan to an entrepreneur in Kountze, Texas. Because Super 8 Motel was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower SUPER 8 MOTEL - KOUNTZE SBA Loan Lender BUSINESS LOAN CENTER, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/27/2001 Loan Approval Gross Amount $1,640,000 Loan Approval from the SBA Of the total $1,640,000 loan amount, the SBA guaranteed $999,990. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 13 employees. This SBA loan request indicated that the loan would help generate 13 new jobs and retain 13 existing jobs. Start the Process for Getting an SBA Loan Today! If you are raising money in Kountze TX, you ought to talk with a local Kountze SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kountze businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Borrowing Money from Friends and Family
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