Loan to Buy America's Best Value Inn Franchise Issued By Haven Trust Bank

Borrowing money to buy an America's Best Value Inn franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an America's Best Value Inn franchise shouldn't be overly burdensome. In 2007, Haven Trust Bank issued an SBA franchise loan to an entrepreneur in Mcdonough, Georgia. Because America's Best Value Inn was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

AMERICA'S BEST VALUE INN & SUI
MCDONOUGH, GA 30253

SBA Loan Lender

HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097

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

5/14/2007

Loan Approval Gross Amount

$1,493,000

Loan Approval from the SBA

Of the total $1,493,000 loan amount, the SBA guaranteed $1,119,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an America's Best Value Inn franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Haven Trust Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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Where to Get an SBA Loan Georgia