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December 20, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Los Angeles, Business Loans > Nara Bank Los Angeles Business Loans > Holiday Inn Express Poulsbo Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Nara Bank Provides SBA Loan to Buy Holiday Inn Express FranchiseNeed money to invest in a Holiday Inn Express franchise? Nara Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Poulsbo, Washington and are interested in buying a Holiday Inn Express franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Nara Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower HOLIDAY INN EXPRESS POULSBO SBA Loan Lender NARA BANK 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. NAICS Code 721110 - Hotels and Motels Loan Approval Date 6/15/2004 Loan Approval Gross Amount $1,940,000 Loan Approval from the SBA Of the total $1,940,000 loan amount, the SBA guaranteed $1,455,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Holiday Inn Express franchise. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to find other ways to get money to start a business, 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. Related Links: Find an SBA Lender in Los Angeles, California Getting an SBA Loan in California
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