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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Days Inn Loan | ||||
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Business Loans for Merced Entrepreneurs
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Merced, CA Entrepreneur Gets SBA Loan to Buy Days Inn FranchiseNeed a loan to purchase a Days Inn franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Days Inn franchise is doable. In 2000, Comerica Bank issued an SBA franchise loan to an entrepreneur in Merced, California. Because Days Inn was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower DAYS INN SBA Loan Lender COMERICA 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 11/13/2000 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan If you are working on finding money to start a business in Merced CA, you ought to talk with a local Merced SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Merced businesses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Raising VC Money for Social Networking Companies
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