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November 21, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Borrego Springs, Business Loans > Borrego Springs Bank Borrego Springs Business Loans > Holiday Inn Express Loan | ||||
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How Can I Buy a Franchise in Mcminnville, Tennessee?
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Borrego Springs Bank Provides SBA Loan to Buy Holiday Inn FranchiseNeed money to purchase a Holiday Inn franchise? Borrego Springs Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Holiday Inn franchise? If so, here's a 2001 SBA franchise loan that you should know about. Borrego Springs Bank was the lender and the entrepreneur was based in Mcminnville, Tennessee. SBA Loan Borrower HOLIDAY INN EXPRESS SBA Loan Lender BORREGO SPRINGS 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 7/27/2001 Loan Approval Gross Amount $352,500 Loan Approval from the SBA Of the total $352,500 loan amount, the SBA guaranteed $264,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Holiday 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. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $352,500. How would you spend $352,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Family and Friend Investors - Your First Financiers SBA Participating Banks in Borrego Springs, California
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