Loan to Buy Travelodge Franchise Issued By Queensborough National Bank & Trust

Borrowing money to invest in a Travelodge franchise? Queensborough National Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Travelodge franchise loans are available to Savannah, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Queensborough National Bank & Trust, based in Statesboro, Georgia, issued an SBA franchise loan for a Travelodge franchise in 2006. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

TRAVELODGE MOTEL
SAVANNAH, GA 31419

SBA Loan Lender

QUEENSBOROUGH NATIONAL BANK & TRUST
120 S ZETTEROWER AVE
STATESBORO, GA 30458

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

3/8/2006

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Travelodge franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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:

Travelodge Hotels, Inc.

How Equity Dilution Works

SBA Banks in Statesboro, Georgia

SBA Participating Banks in Georgia