Borrow Money to Buy a Villager Lodge Franchise

Need money to buy a Villager Lodge franchise? Textron Business Credit, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Villager Lodge franchise shouldn't be overly burdensome. In 2001, Textron Business Credit, Inc. issued an SBA franchise loan to an entrepreneur in Spartanburg, South Carolina. Because Villager Lodge was registered with the SBA's registry of franchises, this South Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

VILLAGER LODGE
SPARTANBURG, SC 29301

SBA Loan Lender

TEXTRON BUSINESS CREDIT, INC.
40 WESTMINISTER ST
PROVIDENCE, RI 02903

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

2/13/2001

Loan Approval Gross Amount

$741,000

Loan Approval from the SBA

Of the total $741,000 loan amount, the SBA guaranteed $555,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Villager Lodge franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Small Business Credit Cards

Best Providence, Rhode Island Banks for Small Business

Rhode Island SBA Banks