Texas Entrepreneur Secures Financing to Buy Super 8 Motel Franchise

Borrowing money to buy a Super 8 Motel franchise? First Western Sblc, Inc has a history of making these loans and they are guaranteed by the SBA.

Super 8 Motel franchise loans are available to Navasota, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Western Sblc, Inc, based in Dallas, Texas, issued an SBA franchise loan for a Super 8 Motel franchise in 2001. We've got all the details on this Texas small business loan.

SBA Loan Borrower

AGGIE LAND SUPER 8
NAVASOTA, TX 77868

SBA Loan Lender

FIRST WESTERN SBLC, INC
17950 PRESTON RD, STE 600,
DALLAS, TX 75252

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

12/5/2001

Loan Approval Gross Amount

$963,000

Loan Approval from the SBA

Of the total $963,000 loan amount, the SBA guaranteed $722,250.

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 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Western Sblc, Inc 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:

Super 8 Motels, Inc.

Startup Funding Tip

SBA 7A Lenders in Dallas, Texas

SBA Lenders in Texas