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November 14, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Burbank, Business Loans > Citizens Business Bank Burbank Business Loans > Dba Days Inn Of Reno Loan | ||||
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Small Business Banks for Reno Small Business Owners
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Reno, NV Entrepreneur Gets SBA Loan to Buy Days Inn FranchiseNeed a loan to purchase a Days Inn franchise? Citizens Business Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Days Inn franchise? If so, here's a 2001 SBA franchise loan that you should know about. Citizens Business Bank was the lender and the entrepreneur was based in Reno, Nevada. SBA Loan Borrower DBA DAYS INN OF RENO SBA Loan Lender CITIZENS BUSINESS BANK This bank 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 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 3/5/2001 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Business Bank and they will explain how you can get an SBA loan for your company. 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: SBA 7A Lenders in Burbank, California Browse All Business Loan Sources for California
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