Borrow Money to Buy a Holiday Inn Franchise

Need money to purchase a Holiday Inn franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Holiday Inn franchise shouldn't be overly burdensome. In 2004, Comerica Bank issued an SBA franchise loan to an entrepreneur in Statesville, North Carolina. Because Holiday Inn was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

HOLIDAY INN STATESVILLE NC
STATESVILLE, NC 28677

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

7/22/2004

Loan Approval Gross Amount

$1,589,500

Loan Approval from the SBA

Of the total $1,589,500 loan amount, the SBA guaranteed $1,192,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Holiday Inn franchise. At the time of the loan, the company had 90 employees. This SBA loan request indicated that the loan would help retain 90 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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