Borrow Money to Buy a Holiday Inn Express Franchise

Need a loan to buy a Holiday Inn Express franchise? Nara Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Holiday Inn Express franchise is doable. In 2000, Nara Bank issued an SBA franchise loan to an entrepreneur in Santa Clara, California. Because Holiday Inn Express was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

EL CAMINO LODGING LLC JOHN CHO
SANTA CLARA, CA 95050

SBA Loan Lender

NARA BANK
3731 WILSHIRE BLVD, STE 1000
LOS ANGELES, CA 90010

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

Loan Approval Date

3/14/2000

Loan Approval Gross Amount

$2,800,000

Loan Approval from the SBA

Of the total $2,800,000 loan amount, the SBA guaranteed $749,840.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Holiday Inn Express franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the borrowed money would help generate 12 new jobs.

Getting an SBA Loan For Your Business

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.

This SBA loan was for $2,800,000. How would you spend $2,800,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 Banks in Los Angeles, California

California SBA 7A Lenders