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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Anaheim, Business Loans > Premier Comm. Bank Anaheim Business Loans > Econo Lodge Culver City Loan | ||||
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California Small Business Funding for Franchises
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Los Angeles, CA Entrepreneur Gets SBA Loan to Buy Econo Lodge Motel FranchiseBorrowing money to buy an Econo Lodge Motel franchise? Premier Comm. Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Los Angeles, California needed money to invest in an Econo Lodge Motel franchise back in 2004. Premier Comm. Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower ECONO LODGE CULVER CITY SBA Loan Lender PREMIER COMM. BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/18/2004 Loan Approval Gross Amount $1,540,000 Loan Approval from the SBA Of the total $1,540,000 loan amount, the SBA guaranteed $1,155,000. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,540,000 loan. Remember, if it to be, it is up to me! 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: Best Anaheim, California Banks for Small Business Browse All Business Loan Sources for California
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