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November 23, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Howard Johnson Express Inn Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Temecula Valley Bank Provides SBA Loan to Buy Howard Johnson FranchiseNeed money to buy a Howard Johnson franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA. Howard Johnson franchise loans are available to St. George, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Temecula Valley Bank, based in Temecula, California, issued an SBA franchise loan for a Howard Johnson franchise in 2003. We've got all the details on this Utah small business loan. SBA Loan Borrower HOWARD JOHNSON EXPRESS INN SBA Loan Lender TEMECULA VALLEY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 9/19/2003 Loan Approval Gross Amount $1,319,200 Loan Approval from the SBA Of the total $1,319,200 loan amount, the SBA guaranteed $989,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Howard Johnson franchise. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Temecula Valley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Howard Johnson International, Inc. Howard Johnson Franchise Canada Inc. Obtaining Funding - How to Decide How Much to Raise Small Bank Loans in Temecula, California Browse All Business Loan Sources for California
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