Borrow Money to Buy a Best Value Inn Franchise

Need a loan to buy a Best Value Inn franchise? Premier Comm. Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Best Value Inn franchise requires some effort but others before you have been successful. In 2005, Premier Comm. Bank issued an SBA franchise loan to an entrepreneur in Prescott, Arizona. Because Best Value Inn was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

AMERICA'S BEST VALUE INN
PRESCOTT, AZ 86314

SBA Loan Lender

PREMIER COMM. BANK
2400 E KATELLA AVE, STE 125
ANAHEIM, CA 92806

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

4/1/2005

Loan Approval Gross Amount

$1,910,000

Loan Approval from the SBA

Of the total $1,910,000 loan amount, the SBA guaranteed $1,432,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Best Value Inn franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,910,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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Best Value Inn

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SBA Approved Banks in Anaheim, California

SBA Lenders in California