Maumelle, AR Entrepreneur Gets SBA Loan to Buy Comfort Suites Franchise

Borrowing money to purchase a Comfort Suites franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Maumelle, Arkansas needed money to invest in a Comfort Suites franchise back in 2003. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMFORT SUITES
MAUMELLE, AR 72113

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

3/7/2003

Loan Approval Gross Amount

$1,026,000

Loan Approval from the SBA

Of the total $1,026,000 loan amount, the SBA guaranteed $769,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Comfort Suites franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Maumelle AR, you ought to talk with a local Maumelle SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Maumelle businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Temecula Valley Bank and they will explain how you can get an SBA loan for your company.

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:

Comfort Suites

Obtaining Funding From a Venture Capitalist

SBA 7A Banks in Temecula, California

Getting an SBA Loan in California