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November 21, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Days Inn Loan | ||||
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Best Banks for Montgomery Small Businesses
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Alabama Entrepreneur Secures Financing to Buy Days Inn FranchiseBorrowing money to purchase a Days Inn franchise? Excel National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Days Inn franchise? If so, here's a 2006 SBA franchise loan that you should know about. Excel National Bank was the lender and the entrepreneur was based in Montgomery, Alabama. SBA Loan Borrower DAYS INN SBA Loan Lender EXCEL NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial 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 12/7/2006 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. 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 21 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Montgomery or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Approved Banks in Beverly Hills, California
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