Borrow Money to Buy a La Quinta Inn Franchise

Need a loan to buy a La Quinta Inn franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

La Quinta Inn franchise loans are available to Lawrenceville, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a La Quinta Inn franchise in 2002. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

LA WEIGHT LOSS CENTERS
LAWRENCEVILLE, GA 30045

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This lender provides SBA loan for small businesses 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

812191 - Diet and Weight Reducing Centers

Loan Approval Date

10/25/2002

Loan Approval Gross Amount

$156,300

Loan Approval from the SBA

Of the total $156,300 loan amount, the SBA guaranteed $117,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a La Quinta Inn franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the funding would help generate 10 new jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Cit Small Business Lending Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

La Quinta Inn & Suites

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Find an SBA Lender in Livingston, New Jersey

Getting an SBA Loan in New Jersey