Nashville, TN Entrepreneur Gets SBA Loan to Buy Choice Hotels International Inc. Franchise

Need money to buy a Choice Hotels International Inc. franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Choice Hotels International Inc. franchise loans are available to Nashville, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Auburn, California, issued an SBA franchise loan for a Choice Hotels International Inc. franchise in 2006. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

RODEWAY INN
NASHVILLE, TN 37207

SBA Loan Lender

WELLS FARGO BANK
649 LINCOLN WAY
AUBURN, CA 95603

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/15/2006

Loan Approval Gross Amount

$1,400,000

Loan Approval from the SBA

Of the total $1,400,000 loan amount, the SBA guaranteed $1,050,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 15 employees. This SBA loan request indicated that the loan would help retain 15 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Choice Hotels International, Inc.

Choice Hotels

Getting a Small Business Loan

Best Banks in Auburn, California

SBA Lenders in California