Reidsville, NC Entrepreneur Gets SBA Loan to Buy Days Inn Franchise

Borrowing money to buy a Days Inn franchise? Beach Business Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Days Inn franchise may simply require a phone call to a local SBA banker. In 2006, Beach Business Bank issued an SBA franchise loan to an entrepreneur in Reidsville, North Carolina. Because Days Inn was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

DAYS INN BLYTHE
REIDSVILLE, NC 27320

SBA Loan Lender

BEACH BUSINESS BANK
1230 ROSECRANS AVE, STE 100
MANHATTAN BEACH, CA 90266

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/16/2006

Loan Approval Gross Amount

$762,800

Loan Approval from the SBA

Of the total $762,800 loan amount, the SBA guaranteed $572,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours 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:

Days Inn Worldwide Inc.

Business Incubators

Find an SBA Lender in Manhattan Beach, California

California SBA 7A Banks