Loan to Buy Budget Host Super 7 Motel Franchise Issued By First State Bank Of Hotchkiss

Need a loan to invest in a Budget Host Super 7 Motel franchise? First State Bank Of Hotchkiss has a history of making these loans and they are guaranteed by the SBA.

Budget Host Super 7 Motel franchise loans are available to Quinter, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First State Bank Of Hotchkiss, based in Hotchkiss, Colorado, issued an SBA franchise loan for a Budget Host Super 7 Motel franchise in 2005. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

Q INN MOTEL & RESTAURANT
QUINTER, KS 67752

SBA Loan Lender

FIRST STATE BANK OF HOTCHKISS
102 E BRIDGE ST
HOTCHKISS, CO 81419

This SBA 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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/15/2005

Loan Approval Gross Amount

$520,000

Loan Approval from the SBA

Of the total $520,000 loan amount, the SBA guaranteed $390,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Budget Host Super 7 Motel franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to borrow money from friends and family, 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:

Advice on Getting a Small Business Loan

SBA 7A Banks in Hotchkiss, Colorado

SBA Colorado Lenders