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November 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Days Inn Sweetwater Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Sweetwater, TX Entrepreneur Gets SBA Loan to Buy Days Inn FranchiseNeed money to buy a Days Inn franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Sweetwater, Texas needed money to invest in a Days Inn franchise back in 2006. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower DAYS INN SWEETWATER SBA Loan Lender TEMECULA VALLEY BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 9/22/2006 Loan Approval Gross Amount $1,527,000 Loan Approval from the SBA Of the total $1,527,000 loan amount, the SBA guaranteed $1,145,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Sweetwater TX, you ought to talk with a local Sweetwater SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sweetwater businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Temecula Valley Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Banks in Temecula, California
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