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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Escondido, Business Loans > Pacific Western Bank Escondido Business Loans > Econo Lodge Loan | ||||
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Requirements for Financing a Franchise
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Ontario, CA Entrepreneur Gets SBA Loan to Buy Econo Lodge Motel FranchiseBorrowing money to buy an Econo Lodge Motel franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Ontario, California needed money to invest in an Econo Lodge Motel 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 ECONO LODGE SBA Loan Lender PACIFIC WESTERN BANK 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 6/4/2002 Loan Approval Gross Amount $879,200 Loan Approval from the SBA Of the total $879,200 loan amount, the SBA guaranteed $659,400. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lodge Motel franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks in Escondido, California
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