Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

The Buckhead Community Bank Franchise Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Country Inns & Suites Franchise Issued By The Buckhead Community Bank

Borrowing money to buy a Country Inns & Suites franchise? The Buckhead Community Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Norcross, Georgia needed money to invest in a Country Inns & Suites franchise back in 2006. The Buckhead Community Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COUNTRY INN & SUITES OF NORCRO
NORCROSS, GA 30071

SBA Loan Lender

THE BUCKHEAD COMMUNITY BANK
415 E PACES FERRY RD
ATLANTA, GA 30305

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

6/22/2006

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Country Inns & Suites franchise. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help retain 11 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Norcross GA, you ought to talk with a local Norcross SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Norcross businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Country Inns & Suites by Carlson, Inc.

Financing Your Business

Best Atlanta, Georgia Banks for Small Business

Georgia SBA 7A Lenders