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November 14, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Econo Lodge Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Salisbury, Maryland
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Business Lenders, LLC Provides SBA Loan to Buy Choice Hotels International Inc. FranchiseNeed a loan to purchase a Choice Hotels International Inc. franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Salisbury, Maryland needed money to invest in a Choice Hotels International Inc. franchise back in 2000. Business Lenders, LLC issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower ECONO LODGE SBA Loan Lender BUSINESS LENDERS, 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 10/11/2000 Loan Approval Gross Amount $1,100,000 Loan Approval from the SBA Of the total $1,100,000 loan amount, the SBA guaranteed $749,991. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Business Lenders, LLC 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. Related Links: Choice Hotels International, Inc. Dealing With Venture Capitalists Best Hartford, Connecticut Banks for Small Business
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