Shawano, WI Entrepreneur Gets SBA Loan to Buy Country Inn Franchise

Need money to buy a Country Inn franchise? Hometown Bank has a history of making these loans and they are guaranteed by the SBA.

Country Inn franchise loans are available to Shawano, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Hometown Bank, based in Fond Du Lac, Wisconsin, issued an SBA franchise loan for a Country Inn franchise in 2001. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

COUNTRY INN & SUITES LLC
SHAWANO, WI 54166

SBA Loan Lender

HOMETOWN BANK
80 SHEBOYGAN ST
FOND DU LAC, WI 54935

This loan for a small business was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.

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

9/26/2001

Loan Approval Gross Amount

$215,000

Loan Approval from the SBA

Of the total $215,000 loan amount, the SBA guaranteed $161,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Country Inn franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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SBA Approved Banks in Fond Du Lac, Wisconsin

Getting an SBA Loan in Wisconsin