Portland, TX Entrepreneur Gets SBA Loan to Buy Days Inn Franchise

Need a loan to buy a Days Inn franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Portland, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Sba Lending, Inc., based in Roseville, California, issued an SBA franchise loan for a Days Inn franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

DAYS INN & RECREATION AREA
PORTLAND, TX 78374

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

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

4/10/2000

Loan Approval Gross Amount

$1,266,000

Loan Approval from the SBA

Of the total $1,266,000 loan amount, the SBA guaranteed $749,991.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 35 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,266,000 loan. Remember, anyone can do it... so why not you?

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:

Days Inn Worldwide Inc.

Realistic Debt Financing Options

Best Banks for Small Business in Roseville, California

Getting an SBA Loan in California