Borrow Money to Buy a Howard Johnson Franchise

Need a loan to buy a Howard Johnson franchise? Premier Comm. 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, Premier Comm. Bank, based in Anaheim, California, issued an SBA franchise loan for a Howard Johnson franchise in 2005. We've got all the details on this Utah small business loan.

SBA Loan Borrower

HOWARD JOHNSON EXPRESS OF ST.
ST. GEORGE, UT 84770

SBA Loan Lender

PREMIER COMM. BANK
2400 E KATELLA AVE, STE 125
ANAHEIM, CA 92806

This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/7/2005

Loan Approval Gross Amount

$1,546,000

Loan Approval from the SBA

Of the total $1,546,000 loan amount, the SBA guaranteed $1,159,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Howard Johnson franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,546,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

The Art of Bootstrapping

Small Business Banks in Anaheim, California

Getting a Business Loan in California