Ranger, TX Entrepreneur Gets SBA Loan to Buy America's Best Value Inn Franchise

Borrowing money to purchase an America's Best Value Inn franchise? Mission Oaks National Bank has a history of making these loans and they are guaranteed by the SBA.

America's Best Value Inn franchise loans are available to Ranger, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mission Oaks National Bank, based in Temecula, California, issued an SBA franchise loan for an America's Best Value Inn franchise in 2006. We've got all the details on this Texas small business loan.

SBA Loan Borrower

AMERICA'S BEST VALUE INN RANGE
RANGER, TX 76470

SBA Loan Lender

MISSION OAKS NATIONAL BANK
41530 ENTERPRISE CIR, STE 100
TEMECULA, CA 92590

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

11/8/2006

Loan Approval Gross Amount

$765,000

Loan Approval from the SBA

Of the total $765,000 loan amount, the SBA guaranteed $573,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an America's Best Value Inn franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help create 3 new jobs.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Mission Oaks National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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SBA 7A Banks in Temecula, California

SBA Lenders in California