California Entrepreneur Secures Financing to Buy Hawthorne Suites Franchising,Inc. Franchise

Need money to invest in a Hawthorne Suites Franchising,Inc. franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Oceanside, California needed money to invest in a Hawthorne Suites Franchising,Inc. franchise back in 2002. Pacific Western Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

HAWTHORNE, LTD.
OCEANSIDE, CA 92054

SBA Loan Lender

PACIFIC WESTERN BANK
900 CANTERBURY PL
ESCONDIDO, CA 92025

This small business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

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

7/18/2002

Loan Approval Gross Amount

$1,333,300

Loan Approval from the SBA

Of the total $1,333,300 loan amount, the SBA guaranteed $999,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hawthorne Suites Franchising,Inc. franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $1,333,300. How would you spend $1,333,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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