Borrow Money to Buy a Holiday Inn Franchise

Borrowing money to buy a Holiday Inn franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Holiday Inn franchise may simply require a phone call to a local SBA banker. In 2001, Unity Bank issued an SBA franchise loan to an entrepreneur in Pocono Lake, Pennsylvania. Because Holiday Inn was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

HOLIDAY INN EXPRESS
POCONO LAKE, PA 18344

SBA Loan Lender

UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809

This lender provides SBA debt financing 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

12/18/2001

Loan Approval Gross Amount

$1,459,000

Loan Approval from the SBA

Of the total $1,459,000 loan amount, the SBA guaranteed $999,998.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Holiday Inn franchise. At the time of the loan, the company had 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Pocono Lake PA, you ought to talk with a local Pocono Lake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pocono Lake businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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