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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Las Vegas, Business Loans > The Bank Of Las Vegas Las Vegas Business Loans > Super 8 Loan | ||||
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Raising Money in Mason, Ohio With SBA Loans
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Loan to Buy Super 8 Motel Franchise Issued By The Bank Of Las VegasBorrowing money to buy a Super 8 Motel franchise? The Bank Of Las Vegas has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mason, Ohio needed money to invest in a Super 8 Motel franchise back in 2005. The Bank Of Las Vegas issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower SUPER 8 SBA Loan Lender THE BANK OF LAS VEGAS This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/28/2005 Loan Approval Gross Amount $1,100,000 Loan Approval from the SBA Of the total $1,100,000 loan amount, the SBA guaranteed $825,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Mason OH, you ought to talk with a local Mason SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mason businesses. 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 $1,100,000 loan. Remember, where there is a will, there is a way! 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: Find an SBA Lender in Las Vegas, New Mexico
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