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November 13, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Duluth, Business Loans > Haven Trust Bank Duluth Business Loans > Best Value Inn Loan | ||||
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Georgia Small Business Funding for Franchises
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Mableton, GA Entrepreneur Gets SBA Loan to Buy Best Value Inn FranchiseBorrowing money to buy a Best Value Inn franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Mableton, Georgia and are interested in buying a Best Value Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Haven Trust Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower BEST VALUE INN SBA Loan Lender HAVEN TRUST BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 4/21/2006 Loan Approval Gross Amount $1,555,000 Loan Approval from the SBA Of the total $1,555,000 loan amount, the SBA guaranteed $1,166,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Best Value Inn franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 9 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Mableton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Business Banks in Duluth, Georgia
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