Pasadena, TX Entrepreneur Gets SBA Loan to Buy Scottish Inns Franchise

Borrowing money to purchase a Scottish Inns franchise? Transamerica Small Business Capita has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Scottish Inns franchise? If so, here's a 2000 SBA franchise loan that you should know about. Transamerica Small Business Capita was the lender and the entrepreneur was based in Pasadena, Texas.

SBA Loan Borrower

SCOTTISH INN - PASADENA
PASADENA, TX 77504

SBA Loan Lender

TRANSAMERICA SMALL BUSINESS CAPITA
220 N MAIN ST, STE 604
GREENVILLE, SC 29601

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.

SIC Code

7011 - Hotels and Motels

Loan Approval Date

5/9/2000

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $787,392.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Scottish Inns franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Transamerica Small Business Capita so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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