United Central Bank Provides SBA Loan to Buy Super 8 Motel Franchise

Need a loan to buy a Super 8 Motel franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Super 8 Motel franchise loans are available to Montgomery, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Central Bank, based in Garland, Texas, issued an SBA franchise loan for a Super 8 Motel franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

SUPER 8
MONTGOMERY, TX 77356

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/29/2005

Loan Approval Gross Amount

$1,335,000

Loan Approval from the SBA

Of the total $1,335,000 loan amount, the SBA guaranteed $1,001,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

Super 8 Motels, Inc.

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Banks for Garland, Texas Loans

Find an SBA Lender in Texas