Florida Entrepreneur Secures Financing to Buy Hampton Inns Franchise

Need a loan to purchase a Hampton Inns franchise? First Commun Bank - S.W. Florida has a history of making these loans and they are guaranteed by the SBA.

Hampton Inns franchise loans are available to Tampa, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Commun Bank - S.W. Florida, based in Fort Myers, Florida, issued an SBA franchise loan for a Hampton Inns franchise in 2003. We've got all the details on this Florida small business loan.

SBA Loan Borrower

HAMPTON INN WATERS AVENUE
TAMPA, FL 33634

SBA Loan Lender

FIRST COMMUN BANK - S.W. FLORIDA
1565 RED CEDAR DR
FORT MYERS, FL 33907

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

3/7/2003

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hampton Inns franchise. At the time of the loan, the company had 22 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Tampa FL, you ought to talk with a local Tampa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tampa businesses.

This SBA loan was for $2,000,000. How would you spend $2,000,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Hampton Inn/Hampton Inn & Suites

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Florida SBA Bank Lenders