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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Howard Johnson Express Inn Loan | ||||
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Nashville, Tennessee Bank Loan
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Borrow Money to Buy a Howard Johnson FranchiseBorrowing money to buy a Howard Johnson franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Howard Johnson franchise may simply require a phone call to a local SBA banker. In 2002, Business Loan Center, LLC issued an SBA franchise loan to an entrepreneur in Nashville, Tennessee. Because Howard Johnson was registered with the SBA's registry of franchises, this Tennessee small business loan was issued on an expedited basis. SBA Loan Borrower HOWARD JOHNSON EXPRESS INN SBA Loan Lender BUSINESS LOAN CENTER, LLC 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 9/23/2002 Loan Approval Gross Amount $1,520,000 Loan Approval from the SBA Of the total $1,520,000 loan amount, the SBA guaranteed $999,992. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Howard Johnson franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Howard Johnson International, Inc. Howard Johnson Franchise Canada Inc. Find an SBA Lender in Richmond, Virginia SBA Participating Banks in Virginia
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