American Enterprise Bank Provides SBA Loan to Buy Amerihost Inn Franchise

Need money to buy an Amerihost Inn franchise? American Enterprise Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Mosinee, Wisconsin and are interested in buying an Amerihost Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by American Enterprise Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AMERIHOST INN, MOSINEE
MOSINEE, WI 54455

SBA Loan Lender

AMERICAN ENTERPRISE BANK
600 N BUFFALO GROVE RD
BUFFALO GROVE, IL 60089

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

11/1/2006

Loan Approval Gross Amount

$1,997,000

Loan Approval from the SBA

Of the total $1,997,000 loan amount, the SBA guaranteed $1,497,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Amerihost Inn franchise. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Mosinee WI, you ought to talk with a local Mosinee SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mosinee businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like American Enterprise Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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