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November 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Rice Lake Super 8 Loan | ||||
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Rice Lake, Wisconsin Bank Loan
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Rice Lake, WI Entrepreneur Gets SBA Loan to Buy Super 8 Motel FranchiseBorrowing money to invest in a Super 8 Motel franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Rice Lake, Wisconsin needed money to invest in a Super 8 Motel franchise back in 2003. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower RICE LAKE SUPER 8 SBA Loan Lender BUSINESS LOAN CENTER, LLC As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/20/2003 Loan Approval Gross Amount $1,187,100 Loan Approval from the SBA Of the total $1,187,100 loan amount, the SBA guaranteed $890,325. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Super 8 Motel franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Banks in New York, New York Find an SBA Lender in New York
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