Loan to Buy Super 8 Motel Franchise Issued By First Colorado National Bank

Need a loan to invest in a Super 8 Motel franchise? First Colorado National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Super 8 Motel franchise? If so, here's a 2007 SBA franchise loan that you should know about. First Colorado National Bank was the lender and the entrepreneur was based in Pleasant Prairie, Wisconsin.

SBA Loan Borrower

SHAHZZY, INC
PLEASANT PRAIRIE, WI 63158

SBA Loan Lender

FIRST COLORADO NATIONAL BANK
2ND & GRAND AVE
PAONIA, CO 81428

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

8/20/2007

Loan Approval Gross Amount

$1,952,412

Loan Approval from the SBA

Of the total $1,952,412 loan amount, the SBA guaranteed $1,464,309.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Colorado National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Super 8 Motels, Inc.

Financing Your Business

SBA Approved Banks in Paonia, Colorado

Where to Get an SBA Loan Colorado