Shreveport, LA Entrepreneur Gets SBA Loan to Buy Hampton Inns Franchise

Need money to purchase a Hampton Inns franchise? Bizcapital Bidco II, LLC has a history of making these loans and they are guaranteed by the SBA.

Hampton Inns franchise loans are available to Shreveport, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bizcapital Bidco II, LLC, based in New Orleans, Louisiana, issued an SBA franchise loan for a Hampton Inns franchise in 2002. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

HAMPTON INN SHREVEPORT
SHREVEPORT, LA 71109

SBA Loan Lender

BIZCAPITAL BIDCO II, LLC
909 POYDRAS ST, SUITE 2230
NEW ORLEANS, LA 70112

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

8/7/2002

Loan Approval Gross Amount

$1,300,000

Loan Approval from the SBA

Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hampton Inns franchise. At the time of the loan, the company had only one employee. The loan application indicated that the funding would help create 19 new jobs.

Start the Process for Getting an SBA Loan Today!

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Hampton Inn/Hampton Inn & Suites

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