Borrow Money to Buy a Holiday Inn Express Franchise

Need money to purchase a Holiday Inn Express franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Holiday Inn Express franchise shouldn't be overly burdensome. In 2002, Comerica Bank issued an SBA franchise loan to an entrepreneur in Pearland, Texas. Because Holiday Inn Express was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

HOLIDAY INN EXPRESS
PEARLAND, TX 77581

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

3/26/2002

Loan Approval Gross Amount

$1,319,000

Loan Approval from the SBA

Of the total $1,319,000 loan amount, the SBA guaranteed $989,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Holiday Inn Express franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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:

Holiday Inn Worldwide

Dealing With Venture Capitalists

Where to Get an SBA Loan in Houston, Texas

SBA Participating Banks in Texas